International Assets Investment Management LLC Buys 207,446 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

International Assets Investment Management LLC lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19,851.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,491 shares of the sporting goods retailer’s stock after acquiring an additional 207,446 shares during the quarter. International Assets Investment Management LLC owned approximately 0.26% of DICK’S Sporting Goods worth $43,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the second quarter worth $28,000. Covestor Ltd grew 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 buying an additional 55 shares during the period. ORG Partners LLC purchased a new stake in DICK’S Sporting Goods during the second quarter worth about $30,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods in the third quarter worth about $30,000. Finally, Innealta Capital LLC purchased a new position in DICK’S Sporting Goods in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.1 %

DKS opened at $204.37 on Monday. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.31 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. The business has a 50 day simple moving average of $216.06 and a two-hundred day simple moving average of $210.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly 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. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 earnings per share. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analysts Set New Price Targets

A number of research firms recently commented on DKS. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Bank of America upped their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Loop Capital lifted their target price on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.