Dimensional Fund Advisors LP raised its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,372,647 shares of the sporting goods retailer’s stock after purchasing an additional 301,490 shares during the period. Dimensional Fund Advisors LP owned 4.33% of Dicks Sporting Goods worth $155,142,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Dicks Sporting Goods by 3.2% in the first quarter. Principal Financial Group Inc. now owns 365,486 shares of the sporting goods retailer’s stock valued at $12,810,000 after purchasing an additional 11,315 shares during the last quarter. Cumberland Partners Ltd acquired a new position in shares of Dicks Sporting Goods in the second quarter valued at $599,000. Teton Advisors Inc. increased its holdings in shares of Dicks Sporting Goods by 31.5% in the second quarter. Teton Advisors Inc. now owns 14,627 shares of the sporting goods retailer’s stock valued at $516,000 after purchasing an additional 3,500 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Dicks Sporting Goods by 51.7% in the second quarter. Cubist Systematic Strategies LLC now owns 13,382 shares of the sporting goods retailer’s stock valued at $472,000 after purchasing an additional 4,561 shares during the last quarter. Finally, BBT Capital Management LLC acquired a new position in shares of Dicks Sporting Goods in the third quarter valued at $858,000. Hedge funds and other institutional investors own 78.56% of the company’s stock.
Shares of Dicks Sporting Goods stock opened at $37.30 on Tuesday. The stock has a market capitalization of $3.64 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.79 and a beta of 0.32. Dicks Sporting Goods Inc has a 52-week low of $28.73 and a 52-week high of $39.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.61 and a quick ratio of 0.19.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.90 annualized dividend and a yield of 2.41%. Dicks Sporting Goods’s dividend payout ratio is 29.90%.
Several equities analysts have commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $34.00 price objective on shares of Dicks Sporting Goods in a report on Monday, November 26th. TheStreet upgraded shares of Dicks Sporting Goods from a “c+” rating to a “b-” rating in a report on Wednesday, November 28th. ValuEngine upgraded shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Raymond James reissued a “hold” rating on shares of Dicks Sporting Goods in a research report on Sunday. Finally, Robert W. Baird boosted their target price on shares of Dicks Sporting Goods from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $39.50.
About Dicks Sporting Goods
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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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