Advisor Group Inc. increased its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 62.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,198 shares of the sporting goods retailer’s stock after acquiring an additional 1,226 shares during the period. Advisor Group Inc.’s holdings in Dicks Sporting Goods were worth $99,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in Dicks Sporting Goods by 2.8% during the 4th quarter. SG Americas Securities LLC now owns 12,868 shares of the sporting goods retailer’s stock worth $401,000 after acquiring an additional 347 shares during the period. D.A. Davidson & CO. grew its holdings in Dicks Sporting Goods by 5.8% during the 4th quarter. D.A. Davidson & CO. now owns 6,664 shares of the sporting goods retailer’s stock worth $208,000 after acquiring an additional 366 shares during the period. Huntington National Bank grew its holdings in Dicks Sporting Goods by 36.8% during the 4th quarter. Huntington National Bank now owns 1,779 shares of the sporting goods retailer’s stock worth $56,000 after acquiring an additional 479 shares during the period. D.B. Root & Company LLC grew its holdings in Dicks Sporting Goods by 8.4% during the 4th quarter. D.B. Root & Company LLC now owns 6,467 shares of the sporting goods retailer’s stock worth $202,000 after acquiring an additional 501 shares during the period. Finally, Emerald Advisers LLC grew its holdings in Dicks Sporting Goods by 9.7% during the 4th quarter. Emerald Advisers LLC now owns 7,108 shares of the sporting goods retailer’s stock worth $222,000 after acquiring an additional 630 shares during the period. Hedge funds and other institutional investors own 83.11% of the company’s stock.

DKS has been the subject of a number of analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $41.00 target price (down previously from $44.00) on shares of Dicks Sporting Goods in a report on Wednesday, March 13th. Canaccord Genuity set a $54.00 target price on shares of Dicks Sporting Goods and gave the stock a “buy” rating in a report on Thursday, December 20th. ValuEngine raised shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Citigroup initiated coverage on shares of Dicks Sporting Goods in a report on Wednesday. They set a “neutral” rating and a $40.00 target price for the company. Finally, Zacks Investment Research lowered shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.17.

Shares of DKS stock opened at $41.18 on Thursday. Dicks Sporting Goods Inc has a 12-month low of $29.69 and a 12-month high of $41.19. The firm has a market capitalization of $3.91 billion, a PE ratio of 12.71, a PEG ratio of 2.11 and a beta of 0.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.20.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Dicks Sporting Goods had a net margin of 3.79% and a return on equity of 16.88%. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the previous year, the business earned $1.22 EPS. The firm’s revenue was down 5.7% on a year-over-year basis. Equities analysts expect that Dicks Sporting Goods Inc will post 3.26 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.275 dividend. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, March 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.67%. Dicks Sporting Goods’s payout ratio is 33.95%.

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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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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