USS Investment Management Ltd purchased a new stake in Dicks Sporting Goods Inc (NYSE:DKS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 900,000 shares of the sporting goods retailer’s stock, valued at approximately $25,871,000. USS Investment Management Ltd owned approximately 0.84% of Dicks Sporting Goods at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of DKS. Okumus Fund Management Ltd. purchased a new position in Dicks Sporting Goods in the 3rd quarter valued at about $46,406,000. Northern Trust Corp lifted its stake in Dicks Sporting Goods by 54.6% in the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after purchasing an additional 1,339,379 shares in the last quarter. Prudential Financial Inc. lifted its stake in Dicks Sporting Goods by 316.5% in the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after purchasing an additional 880,464 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Dicks Sporting Goods by 58.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after purchasing an additional 636,186 shares in the last quarter. Finally, Samlyn Capital LLC lifted its stake in Dicks Sporting Goods by 856.5% in the 2nd quarter. Samlyn Capital LLC now owns 672,321 shares of the sporting goods retailer’s stock worth $26,779,000 after purchasing an additional 602,029 shares in the last quarter. 72.83% of the stock is currently owned by hedge funds and other institutional investors.
Dicks Sporting Goods Inc (DKS) traded up $0.76 during mid-day trading on Tuesday, hitting $33.33. 4,145,700 shares of the stock traded hands, compared to its average volume of 3,773,567. The stock has a market cap of $3,560.00, a price-to-earnings ratio of 12.30, a PEG ratio of 1.82 and a beta of 0.56. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. Dicks Sporting Goods Inc has a 1 year low of $23.88 and a 1 year high of $54.74.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts forecast that Dicks Sporting Goods Inc will post 2.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.17 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.68 annualized dividend and a yield of 2.04%. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.
A number of research analysts have weighed in on the stock. Cowen set a $34.00 target price on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Friday. Canaccord Genuity set a $34.00 target price on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Sunday, January 7th. BMO Capital Markets set a $40.00 target price on shares of Dicks Sporting Goods and gave the stock a “buy” rating in a research note on Thursday, January 11th. Deutsche Bank raised shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $39.00 in a research note on Friday. Finally, Robert W. Baird reissued a “hold” rating and issued a $32.00 target price on shares of Dicks Sporting Goods in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.36.
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About Dicks Sporting Goods
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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