US Bancorp DE Acquires 162 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

US Bancorp DE lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,879 shares of the sporting goods retailer’s stock after buying an additional 162 shares during the quarter. US Bancorp DE’s holdings in DICK’S Sporting Goods were worth $1,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. raised its holdings in DICK’S Sporting Goods by 20.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,229 shares of the sporting goods retailer’s stock worth $256,000 after purchasing an additional 205 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in DICK’S Sporting Goods by 23.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,507 shares of the sporting goods retailer’s stock worth $1,126,000 after purchasing an additional 1,031 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in DICK’S Sporting Goods by 12.0% during the 3rd quarter. Fidelis Capital Partners LLC now owns 6,878 shares of the sporting goods retailer’s stock worth $1,415,000 after purchasing an additional 739 shares during the last quarter. Smith Group Asset Management LLC raised its holdings in DICK’S Sporting Goods by 15.4% during the 3rd quarter. Smith Group Asset Management LLC now owns 3,070 shares of the sporting goods retailer’s stock worth $641,000 after purchasing an additional 410 shares during the last quarter. Finally, Old Port Advisors bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth about $216,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent research reports. UBS Group boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Loop Capital increased their price target on shares of 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. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Telsey Advisory Group increased their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $202.94 on Friday. The stock has a market capitalization of $16.52 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.24 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a twelve month low of $110.07 and a twelve month high of $239.30. The company has a 50 day moving average of $209.06 and a 200-day moving average of $210.53. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.17%. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

DICK’S Sporting Goods 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.