DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by KBC Group NV

KBC Group NV boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 887.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,374 shares of the sporting goods retailer’s stock after acquiring an additional 225,015 shares during the period. KBC Group NV owned about 0.31% of DICK’S Sporting Goods worth $52,253,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DKS. Sei Investments Co. lifted its holdings in DICK’S Sporting Goods by 5.3% during the 1st quarter. Sei Investments Co. now owns 26,726 shares of the sporting goods retailer’s stock worth $6,008,000 after buying an additional 1,345 shares during the last quarter. US Bancorp DE raised its holdings in DICK’S Sporting Goods by 2.6% during the first quarter. US Bancorp DE now owns 5,028 shares of the sporting goods retailer’s stock worth $1,131,000 after purchasing an additional 127 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in DICK’S Sporting Goods during the first quarter worth approximately $356,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in DICK’S Sporting Goods by 16.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,504 shares of the sporting goods retailer’s stock worth $7,759,000 after purchasing an additional 4,840 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $285,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Up 0.7 %

DKS opened at $198.74 on Friday. The business has a 50 day simple moving average of $206.84 and a 200-day simple moving average of $210.32. The stock has a market capitalization of $16.18 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.26 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods, Inc. has a 12 month low of $114.82 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Analyst Upgrades and Downgrades

DKS has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.