4,289 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,289 shares of the sporting goods retailer’s stock, valued at approximately $895,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DKS. ORG Partners LLC grew its holdings in shares of DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc grew its stake in DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares in the last quarter. Vista Capital Partners Inc. grew its stake in DICK’S Sporting Goods by 5.7% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after acquiring an additional 57 shares in the last quarter. Range Financial Group LLC increased its position in shares of DICK’S Sporting Goods by 0.8% during the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock worth $2,017,000 after acquiring an additional 75 shares during the period. Finally, First Citizens Bank & Trust Co. raised its stake in shares of DICK’S Sporting Goods by 5.7% during the third quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer’s stock valued at $398,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $211.61 on Thursday. The firm has a market capitalization of $17.23 billion, a P/E ratio of 14.97, a PEG ratio of 2.45 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a 52 week low of $136.44 and a 52 week high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $205.50 and a 200 day moving average price of $211.15.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.08%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Analyst Upgrades and Downgrades

Several research firms have commented on DKS. Truist Financial raised their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Wedbush restated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Robert W. Baird restated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Finally, Citigroup lowered their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Company Profile

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.