Caisse DE Depot ET Placement DU Quebec Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, HoldingsChannel reports. The firm purchased 153,777 shares of the sporting goods retailer’s stock, valued at approximately $32,093,000.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at $27,000. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $28,000. ORG Partners LLC bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $30,000. Finally, Innealta Capital LLC acquired a new stake in DICK’S Sporting Goods during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DKS. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital increased their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Citigroup lowered 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 research report on Thursday, September 5th. Finally, TD Cowen boosted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Stock Down 3.0 %

Shares of NYSE DKS opened at $207.24 on Monday. The stock has a 50-day moving average price of $205.65 and a two-hundred day moving average price of $210.85. DICK’S Sporting Goods, Inc. has a 12 month low of $126.24 and a 12 month high of $239.30. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.36 and a beta of 1.64.

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, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.85 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

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.