MTM Investment Management LLC Has $487,000 Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

MTM Investment Management LLC increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,265 shares of the sporting goods retailer’s stock after purchasing an additional 348 shares during the period. MTM Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $487,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in shares of DICK’S Sporting Goods during the 1st quarter worth about $7,690,000. Principal Financial Group Inc. boosted its holdings in 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 worth $51,446,000 after acquiring an additional 12,396 shares in the last quarter. Swedbank AB acquired a new stake in DICK’S Sporting Goods in the first quarter valued at approximately $1,670,000. Kerusso Capital Management LLC bought a new stake in shares of DICK’S Sporting Goods during the third quarter valued at approximately $1,554,000. Finally, &PARTNERS acquired a new position in shares of DICK’S Sporting Goods during the second quarter worth approximately $309,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Down 0.5 %

NYSE DKS opened at $199.52 on Wednesday. The business’s fifty day moving average is $206.35 and its 200-day moving average is $210.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 2.25 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a one year low of $117.71 and a one year high of $239.30.

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

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DKS shares. 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 reiterated a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. TD Cowen lifted their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, UBS Group boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

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.