Dimensional Fund Advisors LP Has $167.68 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Dimensional Fund Advisors LP raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 780,346 shares of the sporting goods retailer’s stock after buying an additional 102,609 shares during the quarter. Dimensional Fund Advisors LP owned about 0.96% of DICK’S Sporting Goods worth $167,683,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after buying an additional 166,687 shares during the period. Bank of New York Mellon Corp grew its position in shares of DICK’S Sporting Goods by 1.6% during 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 period. Norges Bank acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $108,908,000. TCW Group Inc. grew its position in shares of DICK’S Sporting Goods by 15.3% in the 2nd quarter. TCW Group Inc. now owns 373,982 shares of the sporting goods retailer’s stock valued at $80,350,000 after purchasing an additional 49,654 shares during the period. Finally, First Trust Advisors LP grew its position in shares of DICK’S Sporting Goods by 17.6% in the 4th quarter. First Trust Advisors LP now owns 355,673 shares of the sporting goods retailer’s stock valued at $52,266,000 after purchasing an additional 53,146 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DKS shares. Oppenheimer boosted their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Loop Capital boosted their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Truist Financial boosted their price objective on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Stifel Nicolaus boosted their target price on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 1.4 %

DKS opened at $212.47 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $239.30. The stock’s fifty day simple moving average is $216.08 and its 200 day simple moving average is $210.06. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a market cap of $17.31 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.44 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is 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.