BNP Paribas Financial Markets Increases Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

BNP Paribas Financial Markets grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,795 shares of the sporting goods retailer’s stock after purchasing an additional 259 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of DICK’S Sporting Goods worth $10,810,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DKS shares. Citigroup reduced 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 report on Thursday, September 5th. Bank of America lifted their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Barclays upped their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Loop Capital lifted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Stock Down 3.0 %

Shares of NYSE:DKS opened at $207.24 on Monday. DICK’S Sporting Goods, Inc. has a 1-year low of $126.24 and a 1-year high of $239.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69. The stock has a market cap of $16.87 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.36 and a beta of 1.64. The firm has a fifty day moving average price of $205.65 and a 200 day moving average price of $210.85.

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

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

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.