Public Employees Retirement System of Ohio increased its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 95.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,636 shares of the sporting goods retailer’s stock after purchasing an additional 57,325 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of Dicks Sporting Goods worth $3,177,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of DKS. Northwestern Mutual Wealth Management Co. grew its stake in Dicks Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares in the last quarter. Toronto Dominion Bank grew its stake in Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Dicks Sporting Goods during the third quarter valued at $132,000. Nordea Investment Management AB grew its stake in Dicks Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares in the last quarter. Finally, QS Investors LLC grew its stake in Dicks Sporting Goods by 57,533.3% during the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after acquiring an additional 5,178 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.
DKS has been the subject of a number of recent research reports. BMO Capital Markets reissued a “buy” rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a research note on Thursday, November 2nd. Forward View raised shares of Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, November 16th. Citigroup raised shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $35.00 in a research note on Tuesday, December 19th. Deutsche Bank raised shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Morgan Stanley dropped their price target on shares of Dicks Sporting Goods from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $32.92.
Shares of Dicks Sporting Goods Inc (DKS) opened at $33.33 on Friday. The firm has a market cap of $3,580.00, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.56. Dicks Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $54.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. Dicks Sporting Goods’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. equities analysts expect that Dicks Sporting Goods Inc will post 2.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio is presently 25.09%.
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Dicks Sporting Goods Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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