DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 871.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,150 shares of the sporting goods retailer’s stock after purchasing an additional 3,723 shares during the period. Quest Partners LLC’s holdings in DICK’S Sporting Goods were worth $866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. ICA Group Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at $28,000. Covestor Ltd grew its stake 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 purchasing an additional 55 shares during the last quarter. ORG Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods in the third quarter worth about $30,000. Finally, Innealta Capital LLC acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $31,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 3.2 %

Shares of DKS opened at $200.31 on Friday. The stock has a 50 day moving average price of $205.86 and a 200 day moving average price of $210.22. DICK’S Sporting Goods, Inc. has a one year low of $119.84 and a one year high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 2.27 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.82 earnings per share. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.91 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DKS shares. Evercore ISI reissued an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Robert W. Baird reiterated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. UBS Group boosted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. TD Cowen raised their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.62.

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.