Cetera Investment Advisers Has $2.51 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Cetera Investment Advisers lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 54.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,672 shares of the sporting goods retailer’s stock after purchasing an additional 4,124 shares during the quarter. Cetera Investment Advisers’ holdings in DICK’S Sporting Goods were worth $2,508,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares during the period. Renaissance Technologies LLC increased its stake in DICK’S Sporting Goods by 51.4% in 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 acquiring an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in DICK’S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after acquiring an additional 102,609 shares during the last quarter. Bank of New York Mellon Corp raised its position in DICK’S Sporting Goods by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after purchasing an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC boosted 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 valued at $117,103,000 after purchasing an additional 156,227 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DKS. Barclays boosted 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. 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. TD Cowen raised their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Evercore ISI reiterated an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, UBS Group raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Trading Up 2.4 %

NYSE:DKS opened at $205.57 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The firm’s fifty day moving average is $215.69 and its 200-day moving average is $211.06. The firm has a market cap of $16.75 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.31 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.14%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

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.