Weiss Asset Management LP purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,452 shares of the sporting goods retailer's stock, valued at approximately $512,000.
Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in DICK'S Sporting Goods in the third quarter valued at approximately $27,000. ICA Group Wealth Management LLC bought a new stake in DICK'S Sporting Goods in the second quarter valued at approximately $28,000. ORG Partners LLC bought a new stake in DICK'S Sporting Goods in the second quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new stake in DICK'S Sporting Goods in the third quarter valued at approximately $30,000. Finally, Innealta Capital LLC bought a new stake in DICK'S Sporting Goods in the second quarter valued at approximately $31,000. 89.83% of the stock is owned by institutional investors and hedge funds.
DKS has been the topic of several research analyst reports. DA Davidson restated a "buy" rating and issued a $265.00 price objective on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Wells Fargo & Company lowered 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 note on Monday, August 12th. TD Cowen increased their target price on 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. Truist Financial increased their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Bank of America increased their target price on DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned 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 target price of $244.95.
View Our Latest Analysis on DKS
Shares of DKS stock opened at $214.27 on Tuesday. The stock's fifty day moving average price is $205.53 and its two-hundred day moving average price is $211.85. The company has a market cap of $17.46 billion, a PE ratio of 15.32, a P/E/G ratio of 2.47 and a beta of 1.61. DICK'S Sporting Goods, Inc. has a fifty-two week low of $136.92 and a fifty-two week high of $239.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 EPS. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.
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.
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