Brooklyn Investment Group Makes New $27,000 Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, Holdings Channel reports. The fund purchased 131 shares of the sporting goods retailer’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in DICK’S Sporting Goods by 2.3% during the 1st quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock worth $1,562,000 after acquiring an additional 153 shares during the last quarter. Swedbank AB acquired a new stake in DICK’S Sporting Goods in the first quarter valued at $1,670,000. Cetera Investment Advisers bought a new position in DICK’S Sporting Goods during the 1st quarter worth $1,697,000. GAMMA Investing LLC lifted its holdings in DICK’S Sporting Goods by 18.9% during the 2nd quarter. GAMMA Investing LLC now owns 962 shares of the sporting goods retailer’s stock worth $207,000 after buying an additional 153 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of DICK’S Sporting Goods by 141.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 208 shares of the sporting goods retailer’s stock valued at $45,000 after buying an additional 122 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DKS has been the subject of several analyst reports. Bank of America raised their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. Evercore ISI reissued an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Truist Financial upped their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $207.24 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market cap of $16.87 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 52 week low of $126.24 and a 52 week high of $239.30. The firm’s 50-day simple moving average is $205.65 and its two-hundred day simple moving average is $210.77.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 EPS. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

DICK’S Sporting Goods Company 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.