True Wealth Design LLC Acquires 145 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

True Wealth Design LLC lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2,900.0% during the third quarter, Holdings Channel reports. The institutional investor owned 150 shares of the sporting goods retailer’s stock after acquiring an additional 145 shares during the quarter. True Wealth Design LLC’s holdings in DICK’S Sporting Goods were worth $31,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in DICK’S Sporting Goods by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after purchasing an additional 57,672 shares during the period. Renaissance Technologies LLC boosted its position in shares of DICK’S Sporting Goods by 51.4% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DICK’S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after buying an additional 102,609 shares during the last quarter. Bank of New York Mellon Corp increased its position in DICK’S Sporting Goods by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after buying an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in DICK’S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after buying an additional 156,227 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $207.24 on Monday. The company has a 50-day moving average price of $205.65 and a 200-day moving average price of $210.85. DICK’S Sporting Goods, Inc. has a 52 week low of $126.24 and a 52 week high of $239.30. The company has a quick ratio of 0.69, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $16.87 billion, a P/E ratio of 14.81, a PEG ratio of 2.36 and a beta of 1.64.

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

DICK’S Sporting Goods Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DKS shares. Truist Financial boosted their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Barclays upped their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Finally, Citigroup reduced their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.