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

Caisse DE Depot ET Placement DU Quebec acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 153,777 shares of the sporting goods retailer’s stock, valued at approximately $32,093,000. Caisse DE Depot ET Placement DU Quebec owned 0.19% of DICK’S Sporting Goods as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC boosted its stake 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 valued at $42,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc grew its holdings in DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares during the period. Vista Capital Partners Inc. raised its position in shares of DICK’S Sporting Goods by 5.7% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock valued at $227,000 after acquiring an additional 57 shares during the last quarter. Range Financial Group LLC lifted its stake in shares of DICK’S Sporting Goods by 0.8% in the 2nd quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock valued at $2,017,000 after purchasing an additional 75 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in shares of DICK’S Sporting Goods by 5.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,907 shares of the sporting goods retailer’s stock worth $398,000 after purchasing an additional 103 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on DKS. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Loop Capital increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Citigroup cut their target price 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, JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Trading Down 3.0 %

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

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 earnings per share. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS 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. Investors of record on Friday, December 13th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend 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 31.45%.

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.