Fmr LLC Grows Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fmr LLC lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,655,147 shares of the sporting goods retailer’s stock after purchasing an additional 14,764 shares during the quarter. Fmr LLC owned about 10.63% of DICK’S Sporting Goods worth $1,806,329,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its position in DICK’S Sporting Goods by 2.3% in the first quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock worth $1,562,000 after acquiring an additional 153 shares in the last quarter. LBP AM SA purchased a new position in DICK’S Sporting Goods in the first quarter worth $1,405,000. iA Global Asset Management Inc. purchased a new position in DICK’S Sporting Goods in the first quarter worth $586,000. Virtu Financial LLC raised its position in DICK’S Sporting Goods by 1,056.3% in the first quarter. Virtu Financial LLC now owns 28,133 shares of the sporting goods retailer’s stock worth $6,326,000 after acquiring an additional 25,700 shares in the last quarter. Finally, Swedbank AB purchased a new position in DICK’S Sporting Goods in the first quarter worth $1,670,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on DKS shares. DA Davidson reissued a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Evercore ISI reissued an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wells Fargo & Company lowered their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Finally, Barclays increased their price objective on 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. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $212.28 on Wednesday. The stock’s 50-day moving average is $205.78 and its 200-day moving average is $210.53. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods, Inc. has a 12 month low of $119.84 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.85 EPS. Equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. DICK’S Sporting Goods’s payout ratio is currently 32.28%.

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.