DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 122.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,860 shares of the sporting goods retailer’s stock after purchasing an additional 4,869 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $1,849,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of DICK’S Sporting Goods by 12.5% during the first quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock worth $22,009,000 after purchasing an additional 10,894 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of DICK’S Sporting Goods during the first quarter worth approximately $7,690,000. SG Americas Securities LLC increased its position in shares of DICK’S Sporting Goods by 65.5% during the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock worth $2,202,000 after purchasing an additional 3,875 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of DICK’S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock worth $51,446,000 after purchasing an additional 12,396 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of DICK’S Sporting Goods during the first quarter worth approximately $1,670,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

DKS opened at $196.73 on Tuesday. The stock’s 50-day moving average price is $212.78 and its 200 day moving average price is $210.65. DICK’S Sporting Goods, Inc. has a 12-month low of $110.07 and a 12-month high of $239.30. 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 firm has a market cap of $16.02 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.22 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly 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 for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share 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. 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 2.24%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

Analyst Ratings Changes

Several analysts have issued reports on DKS shares. UBS Group upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Bank of America upped their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. TD Cowen upped their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Wells Fargo & Company dropped their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Nine equities 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Company 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.