DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 245.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,002 shares of the sporting goods retailer’s stock after purchasing an additional 4,266 shares during the quarter. Bridgewater Associates LP’s holdings in DICK’S Sporting Goods were worth $1,253,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $27,000. ICA Group Wealth Management LLC purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $30,000. ORG Wealth Partners LLC purchased a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $30,000. Finally, Innealta Capital LLC purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Bank of America boosted their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial upped their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Barclays upped their price target on 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. Finally, Loop Capital upped their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Stock Down 3.0 %

NYSE:DKS opened at $207.24 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $205.65 and its two-hundred day moving average is $210.85. DICK’S Sporting Goods, Inc. has a 52 week low of $126.24 and a 52 week high of $239.30. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

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.