DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Boosted by Assetmark Inc.

Assetmark Inc. boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 20.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,831 shares of the sporting goods retailer’s stock after purchasing an additional 314 shares during the period. Assetmark Inc.’s holdings in DICK’S Sporting Goods were worth $382,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in shares of DICK’S Sporting Goods in the first quarter worth about $7,690,000. Principal Financial Group Inc. grew its position 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 valued at $51,446,000 after purchasing an additional 12,396 shares in the last quarter. Swedbank AB purchased a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at $1,670,000. &PARTNERS purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth $309,000. Finally, National Pension Service acquired a new position in DICK’S Sporting Goods in the 3rd quarter worth about $4,195,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Down 0.2 %

Shares of DKS opened at $198.25 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $114.82 and a 52 week high of $239.30. The firm has a market capitalization of $16.14 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.24 and a beta of 1.64. The company has a 50-day simple moving average of $206.64 and a 200-day simple moving average of $210.33. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is 32.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DKS. JPMorgan Chase & Co. lifted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Barclays lifted their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. UBS Group increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Finally, Telsey Advisory Group increased their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods 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.