Voloridge Investment Management LLC purchased a new stake in Dicks Sporting Goods Inc (NYSE:DKS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 66,462 shares of the sporting goods retailer’s stock, valued at approximately $2,712,000.
Several other institutional investors have also recently bought and sold shares of DKS. Signaturefd LLC lifted its holdings in Dicks Sporting Goods by 37.7% in the second quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock valued at $69,000 after acquiring an additional 544 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Dicks Sporting Goods during the second quarter worth $158,000. USA Financial Portformulas Corp raised its position in Dicks Sporting Goods by 52.3% in the second quarter. USA Financial Portformulas Corp now owns 4,841 shares of the sporting goods retailer’s stock valued at $178,000 after purchasing an additional 1,662 shares during the period. First Bank & Trust raised its position in Dicks Sporting Goods by 7.3% in the second quarter. First Bank & Trust now owns 5,785 shares of the sporting goods retailer’s stock valued at $200,000 after purchasing an additional 395 shares during the period. Finally, Brinker Capital Inc. raised its position in Dicks Sporting Goods by 8.0% in the third quarter. Brinker Capital Inc. now owns 6,741 shares of the sporting goods retailer’s stock valued at $275,000 after purchasing an additional 500 shares during the period. 78.40% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on DKS. Morgan Stanley lifted their target price on shares of Dicks Sporting Goods from $36.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price target on Dicks Sporting Goods from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Thursday, November 28th. Susquehanna Bancshares lifted their price objective on Dicks Sporting Goods from $41.00 to $48.00 and gave the company a “positive” rating in a research note on Tuesday, November 19th. Finally, TheStreet upgraded Dicks Sporting Goods from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.17.
Shares of NYSE DKS opened at $46.11 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.15 and a current ratio of 1.38. Dicks Sporting Goods Inc has a fifty-two week low of $29.69 and a fifty-two week high of $47.79. The firm has a market capitalization of $4.14 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61. The stock’s 50-day simple moving average is $40.79 and its 200-day simple moving average is $37.13.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.14. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.91 billion. Dicks Sporting Goods had a return on equity of 17.68% and a net margin of 3.82%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. On average, sell-side analysts forecast that Dicks Sporting Goods Inc will post 3.59 earnings per share for the current fiscal year.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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