DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,907 shares of the sporting goods retailer’s stock after purchasing an additional 103 shares during the period. First Citizens Bank & Trust Co.’s holdings in DICK’S Sporting Goods were worth $398,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in shares of DICK’S Sporting Goods by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock valued at $22,009,000 after purchasing an additional 10,894 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of DICK’S Sporting Goods in the first quarter valued at approximately $7,690,000. SG Americas Securities LLC boosted its stake in shares of DICK’S Sporting Goods by 65.5% in the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock valued at $2,202,000 after buying an additional 3,875 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of DICK’S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after buying an additional 12,396 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of DICK’S Sporting Goods in the first quarter valued at approximately $1,670,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of analyst reports. Barclays lifted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Robert W. Baird restated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. TD Cowen boosted their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Wells Fargo & Company decreased their target price 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. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $218.66 on Monday. The firm has a market capitalization of $17.82 billion, a P/E ratio of 18.10, a PEG ratio of 2.31 and a beta of 1.62. The stock has a fifty day moving average price of $216.97 and a 200 day moving average price of $210.71. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. 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 released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion during 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 business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 earnings per share. Equities research analysts anticipate 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. Investors of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.01%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

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.