Alpha DNA Investment Management LLC Buys 142 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Alpha DNA Investment Management LLC grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,877 shares of the sporting goods retailer’s stock after purchasing an additional 142 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $809,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $28,000. Covestor Ltd raised its holdings in shares of DICK’S Sporting Goods by 70.5% in 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. ORG Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods during the third quarter valued at about $30,000. Finally, Innealta Capital LLC purchased a new position in DICK’S Sporting Goods during the second quarter worth about $31,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $210.16 on Friday. 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, Inc. has a one year low of $119.84 and a one year high of $239.30. The firm has a market capitalization of $17.11 billion, a P/E ratio of 15.42, a PEG ratio of 2.29 and a beta of 1.64. The business has a fifty day moving average price of $205.72 and a 200-day moving average price of $210.31.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.91 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.09%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.28%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup decreased their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Barclays lifted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Evercore ISI reissued an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Bank of America raised their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.62.

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.