Valeo Financial Advisors LLC bought a new position in Dick’s Sporting Goods Inc (NYSE:DKS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,900 shares of the sporting goods retailer’s stock, valued at approximately $132,000.

Other institutional investors have also bought and sold shares of the company. Creative Planning increased its holdings in shares of Dick’s Sporting Goods by 72.2% in the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after purchasing an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares during the period. Toronto Dominion Bank grew its holdings in shares of Dick’s Sporting Goods by 169.2% in the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after acquiring an additional 2,927 shares during the period. Nordea Investment Management AB grew its holdings in shares of Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after acquiring an additional 26 shares during the period. Finally, QS Investors LLC grew its holdings in shares of Dick’s Sporting Goods by 57,533.3% in the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after acquiring an additional 5,178 shares during the period. 72.96% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on DKS. Cowen reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Dick’s Sporting Goods in a report on Friday, November 17th. Citigroup cut their price objective on Dick’s Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 16th. Zacks Investment Research raised Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. BMO Capital Markets cut their price objective on Dick’s Sporting Goods from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Finally, Forward View raised Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.92.

Dick’s Sporting Goods Inc (NYSE DKS) opened at $30.25 on Thursday. The firm has a market capitalization of $3,228.53, a price-to-earnings ratio of 9.63, a P/E/G ratio of 1.64 and a beta of 0.57. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $59.63.

Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. Dick’s Sporting Goods’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. equities analysts anticipate that Dick’s Sporting Goods Inc will post 2.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.25%. Dick’s Sporting Goods’s payout ratio is 25.09%.

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Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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