D.B. Root & Company LLC Has $5.64 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

D.B. Root & Company LLC boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.6% during the third quarter, HoldingsChannel reports. The fund owned 27,021 shares of the sporting goods retailer’s stock after purchasing an additional 682 shares during the quarter. DICK’S Sporting Goods comprises 1.9% of D.B. Root & Company LLC’s holdings, making the stock its 9th largest position. D.B. Root & Company LLC’s holdings in DICK’S Sporting Goods were worth $5,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Russell Investments Group Ltd. grew its stake in shares of DICK’S Sporting Goods by 12.5% in 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 during the last quarter. Quadrature Capital Ltd bought a new position in shares of DICK’S Sporting Goods during the first quarter worth about $7,690,000. SG Americas Securities LLC lifted its stake in shares of DICK’S Sporting Goods by 65.5% in the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock worth $2,202,000 after acquiring an additional 3,875 shares during the period. Principal Financial Group Inc. boosted its holdings in DICK’S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after acquiring an additional 12,396 shares during the last quarter. Finally, Swedbank AB acquired a new stake in DICK’S Sporting Goods during the 1st quarter valued at approximately $1,670,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $195.01 on Thursday. 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 stock has a market cap of $15.88 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.64. The stock’s fifty day simple moving average is $210.45 and its two-hundred day simple moving average is $210.57. DICK’S Sporting Goods, Inc. has a 1-year low of $110.07 and a 1-year 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the firm earned $2.82 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 EPS 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. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.26%. DICK’S Sporting Goods’s payout ratio is presently 32.28%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DKS shares. Citigroup reduced 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. Bank of America lifted their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. TD Cowen raised 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. Evercore ISI reiterated an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Wells Fargo & Company cut their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. 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 stock 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.