Charles Schwab Investment Management Inc. Purchases 57,672 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Charles Schwab Investment Management Inc. lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 1,788,820 shares of the sporting goods retailer’s stock after acquiring an additional 57,672 shares during the period. Charles Schwab Investment Management Inc.’s holdings in DICK’S Sporting Goods were worth $373,327,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after purchasing an additional 375,600 shares during the last quarter. KBC Group NV boosted its holdings in shares of DICK’S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after buying an additional 225,015 shares during the last quarter. International Assets Investment Management LLC grew its position in DICK’S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after buying an additional 207,446 shares during the period. AQR Capital Management LLC increased its holdings in DICK’S Sporting Goods by 40.2% during the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after buying an additional 156,227 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in DICK’S Sporting Goods by 65.9% in the second quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock valued at $59,801,000 after acquiring an additional 110,570 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $210.11 on Friday. DICK’S Sporting Goods, Inc. has a 12-month low of $119.84 and a 12-month high of $239.30. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a market cap of $17.11 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.27 and a beta of 1.64. The stock has a 50-day moving average price of $205.72 and a 200-day moving average price of $210.26.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 earnings per share. As a group, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.91 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.09%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. DA Davidson reaffirmed a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Loop Capital lifted their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Finally, Barclays upped their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.62.

About DICK’S Sporting Goods

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.