Holocene Advisors LP Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Holocene Advisors LP acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 338,102 shares of the sporting goods retailer’s stock, valued at approximately $70,562,000.

Several other hedge funds have also recently bought and sold shares of DKS. Principal Financial Group Inc. boosted its holdings in DICK’S Sporting Goods by 5.5% during the 2nd 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 period. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $1,554,000. &PARTNERS acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $309,000. National Pension Service acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $4,195,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of DICK’S Sporting Goods by 215.5% in the second quarter. Harbor Capital Advisors Inc. now owns 3,991 shares of the sporting goods retailer’s stock valued at $857,000 after purchasing an additional 2,726 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DKS shares. Wedbush restated a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. TD Cowen lifted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wells Fargo & Company dropped 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 report on Monday, August 12th. Finally, Evercore ISI restated an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Trading Up 3.9 %

Shares of DICK’S Sporting Goods stock opened at $215.36 on Tuesday. The company has a fifty day simple moving average of $205.65 and a 200-day simple moving average of $210.92. DICK’S Sporting Goods, Inc. has a 12-month low of $136.44 and a 12-month high of $239.30. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 2.36 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the business posted $2.85 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.04%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

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.