Zurcher Kantonalbank Zurich Cantonalbank Acquires 6,314 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 75,749 shares of the sporting goods retailer’s stock after purchasing an additional 6,314 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of DICK’S Sporting Goods worth $15,809,000 as of its most recent SEC filing.

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

DICK’S Sporting Goods Trading Down 3.0 %

Shares of DKS stock opened at $207.24 on Friday. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.43 and a beta of 1.64. The company’s fifty day simple moving average is $205.65 and its two-hundred day simple moving average is $210.77. DICK’S Sporting Goods, Inc. has a 1 year low of $126.24 and a 1 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.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data 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. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the company posted $2.85 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Analyst Ratings Changes

Several research firms recently weighed in on DKS. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday. Wells Fargo & Company reduced their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Barclays lifted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Eight investment 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, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

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.