DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,903 shares of the sporting goods retailer’s stock after purchasing an additional 105 shares during the period. OLD National Bancorp IN’s holdings in DICK’S Sporting Goods were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DKS. ICA Group Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter worth $28,000. Covestor Ltd boosted its holdings in DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Innealta Capital LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $31,000. ORG Partners LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in DICK’S Sporting Goods during the third quarter worth about $30,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DKS. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Evercore ISI restated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Wells Fargo & Company cut their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Barclays lifted their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Telsey Advisory Group upped their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $208.63 on Wednesday. The company has a fifty day moving average of $217.15 and a two-hundred day moving average of $210.74. The company has a market capitalization of $17.00 billion, a PE ratio of 17.27, a P/E/G ratio of 2.31 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations 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 was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.11%. DICK’S Sporting Goods’s payout ratio is 36.42%.

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.