Vinva Investment Management Ltd Has $1.37 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Vinva Investment Management Ltd grew its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 75.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,542 shares of the sporting goods retailer’s stock after acquiring an additional 2,805 shares during the period. Vinva Investment Management Ltd’s holdings in DICK’S Sporting Goods were worth $1,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in DICK’S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock worth $51,446,000 after purchasing an additional 12,396 shares during the period. Swedbank AB bought a new position in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $1,670,000. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $1,554,000. &PARTNERS bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $309,000. Finally, National Pension Service acquired a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $4,195,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 3.0 %

NYSE:DKS opened at $207.24 on Friday. 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 company has a market cap of $16.87 billion, a PE ratio of 14.81, a P/E/G ratio of 2.43 and a beta of 1.64. The firm’s 50 day simple moving average is $205.75 and its 200 day simple moving average is $210.68.

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

DICK’S Sporting Goods Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DKS. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. TD Cowen lifted their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Bank of America increased their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Citigroup dropped their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

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.