DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,056 shares of the sporting goods retailer’s stock after acquiring an additional 15,591 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.18% of DICK’S Sporting Goods worth $29,856,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DKS. Sei Investments Co. grew its position in DICK’S Sporting Goods by 5.3% in the 1st quarter. Sei Investments Co. now owns 26,726 shares of the sporting goods retailer’s stock valued at $6,008,000 after buying an additional 1,345 shares in the last quarter. US Bancorp DE boosted its stake in DICK’S Sporting Goods by 2.6% during the 1st quarter. US Bancorp DE now owns 5,028 shares of the sporting goods retailer’s stock valued at $1,131,000 after purchasing an additional 127 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at $356,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of DICK’S Sporting Goods by 16.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,504 shares of the sporting goods retailer’s stock valued at $7,759,000 after buying an additional 4,840 shares during the period. Finally, Vanguard Group Inc. grew its holdings in DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after acquiring an additional 166,687 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DKS. Citigroup lowered their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. TD Cowen lifted their price target 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. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted 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. Finally, Bank of America upped their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Down 0.2 %

Shares of DICK’S Sporting Goods stock opened at $198.25 on Friday. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.24 and a beta of 1.64. The stock has a 50-day simple moving average of $206.64 and a 200-day simple moving average of $210.33. DICK’S Sporting Goods, Inc. has a 52-week low of $114.82 and a 52-week high of $239.30. 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 (NYSE:DKS) last posted its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 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.