DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,718 shares of the sporting goods retailer’s stock after purchasing an additional 599 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in DICK’S Sporting Goods were worth $1,819,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC boosted its holdings in DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after purchasing an additional 54 shares during the last quarter. Covestor Ltd boosted its stake in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the last quarter. Quent Capital LLC grew its holdings in DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after acquiring an additional 57 shares during the period. Vista Capital Partners Inc. raised its position in DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock valued at $227,000 after acquiring an additional 57 shares in the last quarter. Finally, Range Financial Group LLC lifted its holdings in DICK’S Sporting Goods by 0.8% in the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock valued at $2,017,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Citigroup decreased their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. UBS Group lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Loop Capital increased their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $193.70 on Monday. The stock has a 50 day moving average price of $212.78 and a 200 day moving average price of $210.55. The stock has a market cap of $15.77 billion, a PE ratio of 14.21, a P/E/G ratio of 2.22 and a beta of 1.64. 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, Inc. has a one year low of $109.00 and a one year high of $239.30.

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

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.27%. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

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.