Plato Investment Management Ltd Invests $75,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Plato Investment Management Ltd acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 358 shares of the sporting goods retailer’s stock, valued at approximately $75,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter worth about $28,000. Covestor Ltd grew its holdings in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $30,000. ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth $30,000. Finally, Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter worth $31,000. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DKS shares. 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. JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Bank of America raised their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. UBS Group boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company lowered 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. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Down 0.2 %

DICK’S Sporting Goods stock opened at $198.25 on Friday. The company has a market capitalization of $16.14 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.24 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1-year low of $114.82 and a 1-year high of $239.30. The firm’s fifty day simple moving average is $206.64 and its 200-day simple moving average is $210.27. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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 business 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 firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.22%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 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.