DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by KBC Group NV

KBC Group NV grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 887.3% during the third quarter, HoldingsChannel reports. The firm owned 250,374 shares of the sporting goods retailer’s stock after purchasing an additional 225,015 shares during the quarter. KBC Group NV’s holdings in DICK’S Sporting Goods were worth $52,253,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DKS. ICA Group Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth $28,000. Covestor Ltd increased its stake in DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $31,000. ORG Partners LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter valued at approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in DICK’S Sporting Goods in the third quarter worth $30,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $198.74 on Friday. DICK’S Sporting Goods, Inc. has a 52-week low of $114.82 and a 52-week high of $239.30. The firm has a market capitalization of $16.18 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.26 and a beta of 1.64. The stock has a fifty day moving average price of $206.84 and a two-hundred day moving average price of $210.32. 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 issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.21%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of recent analyst reports. Wells Fargo & Company cut 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 report on Monday, August 12th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Citigroup cut their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Bank of America increased their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.62.

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.