Swiss National Bank Sells 2,300 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Swiss National Bank cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.3% in the third quarter, HoldingsChannel reports. The fund owned 172,000 shares of the sporting goods retailer’s stock after selling 2,300 shares during the period. Swiss National Bank’s holdings in DICK’S Sporting Goods were worth $35,896,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DKS. Renaissance Technologies LLC boosted its stake in shares of DICK’S Sporting Goods by 51.4% in the 2nd 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. KBC Group NV lifted its holdings in shares of DICK’S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after purchasing an additional 225,015 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of DICK’S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock worth $43,512,000 after buying an additional 207,446 shares during the period. AQR Capital Management LLC grew its holdings in shares of DICK’S Sporting Goods by 40.2% during the second 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 in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in DICK’S Sporting Goods by 65.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock valued at $59,801,000 after buying an additional 110,570 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on DKS. Barclays raised their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Evercore ISI restated 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. TD Cowen increased their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $194.18 on Thursday. DICK’S Sporting Goods, Inc. has a one year low of $119.84 and a one year high of $239.30. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.25 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $206.07 and a 200 day simple moving average of $210.29.

DICK’S Sporting Goods (NYSE:DKS) last announced 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. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.91 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

DICK’S Sporting Goods Company 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.