iA Global Asset Management Inc. Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

iA Global Asset Management Inc. bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,204 shares of the sporting goods retailer’s stock, valued at approximately $251,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in DICK’S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock worth $51,446,000 after purchasing an additional 12,396 shares during the period. Kerusso Capital Management LLC purchased a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $1,554,000. &PARTNERS acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $309,000. National Pension Service purchased a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $4,195,000. Finally, Strategy Asset Managers LLC acquired a new position in shares of DICK’S Sporting Goods in the third quarter worth $4,325,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.1 %

Shares of DICK’S Sporting Goods stock opened at $213.88 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $17.42 billion, a P/E ratio of 15.29, a PEG ratio of 2.47 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a 1 year low of $136.92 and a 1 year high of $239.30. The company’s fifty day moving average is $205.70 and its two-hundred day moving average is $212.02.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $2.85 earnings per share. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DKS. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Loop Capital boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Citigroup cut their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Barclays increased their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $244.95.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.