DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Raised by Montecito Bank & Trust

Montecito Bank & Trust raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,390 shares of the sporting goods retailer’s stock after acquiring an additional 220 shares during the period. Montecito Bank & Trust’s holdings in DICK’S Sporting Goods were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisor Resource Council bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth about $271,000. D.B. Root & Company LLC boosted its holdings in shares of DICK’S Sporting Goods by 2.6% in the 3rd quarter. D.B. Root & Company LLC now owns 27,021 shares of the sporting goods retailer’s stock valued at $5,639,000 after buying an additional 682 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of DICK’S Sporting Goods by 10.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 26,861 shares of the sporting goods retailer’s stock valued at $5,606,000 after buying an additional 2,630 shares during the period. National Pension Service acquired a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $4,195,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of DICK’S Sporting Goods by 33.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 81,253 shares of the sporting goods retailer’s stock valued at $16,958,000 after buying an additional 20,220 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 2.5 %

NYSE DKS opened at $199.95 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. The company’s 50 day simple moving average is $209.75 and its 200 day simple moving average is $210.50. DICK’S Sporting Goods, Inc. has a 12 month low of $110.07 and a 12 month high of $239.30. The company has a market capitalization of $16.28 billion, a P/E ratio of 14.67, a PEG ratio of 2.24 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm earned $2.82 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued 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 dividend yield of 2.20%. DICK’S Sporting Goods’s payout ratio is currently 32.28%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. UBS Group lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Robert W. Baird reaffirmed a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. DA Davidson reissued a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Wells Fargo & Company reduced 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 note on Monday, August 12th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods 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.