Weiss Asset Management LP Purchases Shares of 2,452 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Weiss Asset Management LP purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,452 shares of the sporting goods retailer’s stock, valued at approximately $512,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Tabor Asset Management LP bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $2,305,000. State Street Corp grew its position in shares of DICK’S Sporting Goods by 1.2% in the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after buying an additional 27,155 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of DICK’S Sporting Goods by 80.2% in the 3rd quarter. Quantinno Capital Management LP now owns 41,648 shares of the sporting goods retailer’s stock valued at $8,692,000 after buying an additional 18,542 shares during the last quarter. Quarry LP grew its position in shares of DICK’S Sporting Goods by 174.4% in the 3rd quarter. Quarry LP now owns 494 shares of the sporting goods retailer’s stock valued at $103,000 after buying an additional 314 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of DICK’S Sporting Goods by 9.7% in the 3rd quarter. Janus Henderson Group PLC now owns 10,046 shares of the sporting goods retailer’s stock valued at $2,096,000 after buying an additional 891 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced 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 research report on Monday, August 12th. Barclays boosted their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Bank of America boosted their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. TD Cowen boosted their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $214.27 on Tuesday. The company has a market cap of $17.46 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 2.47 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a 52 week low of $136.92 and a 52 week high of $239.30. The business has a 50 day moving average price of $205.53 and a 200-day moving average price of $211.85. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

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

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 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.