Assetmark Inc. Buys 314 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Assetmark Inc. raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 20.7% in the third quarter, Holdings Channel reports. The fund owned 1,831 shares of the sporting goods retailer’s stock after acquiring an additional 314 shares during the period. Assetmark Inc.’s holdings in DICK’S Sporting Goods were worth $382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Leavell Investment Management Inc. boosted its holdings in shares of DICK’S Sporting Goods by 13.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 1,700 shares of the sporting goods retailer’s stock worth $357,000 after acquiring an additional 200 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of DICK’S Sporting Goods during the third quarter worth $49,000. Montecito Bank & Trust increased its stake in shares of DICK’S Sporting Goods by 18.8% in the third quarter. Montecito Bank & Trust now owns 1,390 shares of the sporting goods retailer’s stock valued at $290,000 after buying an additional 220 shares in the last quarter. Advisor Resource Council bought a new position in shares of DICK’S Sporting Goods in the third quarter valued at about $271,000. Finally, D.B. Root & Company LLC lifted its position in DICK’S Sporting Goods by 2.6% during the 3rd quarter. D.B. Root & Company LLC now owns 27,021 shares of the sporting goods retailer’s stock worth $5,639,000 after buying an additional 682 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of research analyst reports. Wedbush reaffirmed 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. TD Cowen increased their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Barclays boosted their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Citigroup lowered their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Robert W. Baird restated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $198.25 on Friday. The stock’s fifty day simple moving average is $206.64 and its 200 day simple moving average is $210.33. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $16.14 billion, a PE ratio of 14.55, a PEG ratio of 2.24 and a beta of 1.64. 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 released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the firm posted $2.82 earnings per share. DICK’S Sporting Goods’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

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.