True Wealth Design LLC Raises Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

True Wealth Design LLC raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2,900.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150 shares of the sporting goods retailer’s stock after buying an additional 145 shares during the quarter. True Wealth Design LLC’s holdings in DICK’S Sporting Goods were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DKS. Charles Schwab Investment Management Inc. boosted its position in shares of DICK’S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock valued at $373,327,000 after acquiring an additional 57,672 shares during the last quarter. Renaissance Technologies LLC lifted its position in DICK’S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in DICK’S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after buying an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of DICK’S Sporting Goods by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock worth $164,341,000 after buying an additional 11,792 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of DICK’S Sporting Goods by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after buying an additional 156,227 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

DKS opened at $207.24 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 1.72. The stock has a market capitalization of $16.87 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64. The stock’s 50 day moving average price is $205.65 and its 200-day moving average price is $210.85. DICK’S Sporting Goods, Inc. has a 52-week low of $126.24 and a 52-week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the business posted $2.85 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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 given 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 of this dividend is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Wells Fargo & Company reduced their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Bank of America increased their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $244.95.

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.