Alpha DNA Investment Management LLC Raises Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Alpha DNA Investment Management LLC boosted 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 and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DKS. ORG Partners LLC increased its holdings in shares of DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc increased its stake in DICK’S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after acquiring an additional 54 shares during the last quarter. Covestor Ltd raised its position 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 in the last quarter. Quent Capital LLC lifted its stake in DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after purchasing an additional 57 shares during the last quarter. Finally, Vista Capital Partners Inc. boosted its holdings in shares of DICK’S Sporting Goods by 5.7% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after purchasing an additional 57 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $210.16 on Friday. The business has a 50 day moving average of $205.72 and a 200 day moving average of $210.31. DICK’S Sporting Goods, Inc. has a 52 week low of $119.84 and a 52 week high of $239.30. The company has a market cap of $17.11 billion, a PE ratio of 15.42, a P/E/G ratio of 2.29 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the business earned $2.82 EPS. The company’s revenue for the quarter 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 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders 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 annualized dividend and a yield of 2.09%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DKS shares. TD Cowen raised their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI reissued an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Loop Capital boosted their price objective 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. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Finally, Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price 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.