DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,784 shares of the sporting goods retailer’s stock after acquiring an additional 6,865 shares during the quarter. Empowered Funds LLC’s holdings in DICK’S Sporting Goods were worth $5,799,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in DKS. Vanguard Group Inc. increased its stake in shares of DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares in the last quarter. Renaissance Technologies LLC raised its holdings in 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 acquiring an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in DICK’S Sporting Goods by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after buying an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 11,792 shares during the period. Finally, AQR Capital Management LLC raised its stake in 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 purchasing an additional 156,227 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore ISI reiterated an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Citigroup decreased their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price objective 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. Finally, UBS Group raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $198.25 on Friday. The business has a 50 day moving average price of $206.64 and a two-hundred day moving average price of $210.33. DICK’S Sporting Goods, Inc. has a fifty-two week low of $114.82 and a fifty-two week high of $239.30. The firm has a market cap of $16.14 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.64. 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 posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the firm earned $2.82 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 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.