Benjamin Edwards Inc. Purchases Shares of 2,401 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Benjamin Edwards Inc. acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, Holdings Channel reports. The institutional investor acquired 2,401 shares of the sporting goods retailer’s stock, valued at approximately $501,000.

Other hedge funds have also modified their holdings of the company. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the second quarter valued at $28,000. Brooklyn Investment Group acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $27,000. Innealta Capital LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $30,000. Finally, ORG Wealth Partners LLC purchased a new stake in DICK’S Sporting Goods during the third quarter worth approximately $30,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $217.09 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.41 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a one year low of $136.44 and a one year high of $239.30. The company’s 50-day simple moving average is $205.42 and its 200-day simple moving average is $211.65.

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

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.03%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DKS. Barclays raised their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Wedbush restated a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, Evercore ISI reissued an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $244.95.

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.