BlackRock Inc. raised its stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,004,228 shares of the sporting goods retailer’s stock after buying an additional 102,949 shares during the quarter. BlackRock Inc. owned about 6.93% of Dicks Sporting Goods worth $248,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. LSV Asset Management increased its stake in shares of Dicks Sporting Goods by 39.8% during the third quarter. LSV Asset Management now owns 4,410,723 shares of the sporting goods retailer’s stock valued at $156,492,000 after buying an additional 1,255,282 shares during the period. Prudential Financial Inc. increased its stake in shares of Dicks Sporting Goods by 74.8% during the third quarter. Prudential Financial Inc. now owns 2,547,444 shares of the sporting goods retailer’s stock valued at $90,384,000 after buying an additional 1,090,440 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Dicks Sporting Goods by 72.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,388,594 shares of the sporting goods retailer’s stock valued at $84,747,000 after buying an additional 1,005,924 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Dicks Sporting Goods by 36.0% during the third quarter. Bank of New York Mellon Corp now owns 3,312,654 shares of the sporting goods retailer’s stock valued at $117,532,000 after buying an additional 877,277 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Dicks Sporting Goods by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,071,157 shares of the sporting goods retailer’s stock valued at $143,514,000 after buying an additional 797,195 shares during the period. 80.41% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. Robert W. Baird raised their price target on Dicks Sporting Goods from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Morgan Stanley raised their price target on Dicks Sporting Goods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, October 11th. ValuEngine downgraded Dicks Sporting Goods from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Canaccord Genuity set a $54.00 target price on Dicks Sporting Goods and gave the stock a “buy” rating in a research note on Thursday, December 20th. Finally, TheStreet raised Dicks Sporting Goods from a “c+” rating to a “b-” rating in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company. Dicks Sporting Goods has a consensus rating of “Hold” and an average target price of $40.30.
DKS traded up $0.06 during trading on Friday, reaching $33.36. The stock had a trading volume of 1,391,401 shares, compared to its average volume of 2,211,450. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.61 and a quick ratio of 0.19. Dicks Sporting Goods Inc has a 1-year low of $28.86 and a 1-year high of $39.75.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Equities analysts expect that Dicks Sporting Goods Inc will post 3.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.90 dividend on an annualized basis and a yield of 2.70%. Dicks Sporting Goods’s dividend payout ratio (DPR) is 29.90%.
About Dicks Sporting Goods
Dick’s Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick’s Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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