Conning Inc. Invests $309,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Conning Inc. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,482 shares of the sporting goods retailer’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $28,000. Covestor Ltd increased its position in DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. ORG Partners LLC acquired a new stake in DICK’S Sporting Goods in the second quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods in the third quarter valued at $30,000. Finally, Innealta Capital LLC acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at $31,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of several recent research reports. Loop Capital lifted their price objective on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. DA Davidson reissued a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Citigroup reduced their price target 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. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $193.70 on Monday. The stock’s fifty day simple moving average is $212.78 and its 200 day simple moving average is $210.55. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.22 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a 52-week low of $109.00 and a 52-week 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 return on equity of 45.14% and a net margin of 8.46%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the company posted $2.82 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is 32.28%.

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.