DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Position Decreased by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 25.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,846 shares of the sporting goods retailer’s stock after selling 2,008 shares during the period. Freedom Investment Management Inc.’s holdings in DICK’S Sporting Goods were worth $1,220,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DKS. Renaissance Technologies LLC grew its position in shares of DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after buying an additional 375,600 shares during the last quarter. KBC Group NV grew its position in shares of DICK’S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after buying an additional 225,015 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of DICK’S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after buying an additional 207,446 shares during the last quarter. AQR Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after buying an additional 156,227 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in DICK’S Sporting Goods by 65.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock worth $59,801,000 after purchasing an additional 110,570 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 0.7 %

DKS stock opened at $213.70 on Thursday. DICK’S Sporting Goods, Inc. has a 12 month low of $120.39 and a 12 month high of $239.30. The firm has a market cap of $17.40 billion, a PE ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. The firm has a 50 day simple moving average of $205.76 and a 200 day simple moving average of $210.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $2.85 earnings per share. Equities research analysts forecast 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 company 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 is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DKS. TD Cowen upped their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Truist Financial upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $260.00 in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

About DICK’S Sporting Goods

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.