B. Metzler seel. Sohn & Co. Holding AG Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,312 shares of the sporting goods retailer’s stock, valued at approximately $900,000.

Several other institutional investors have also added to or reduced their stakes in DKS. ORG Partners LLC increased its stake in shares of DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc grew its position in DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares during the last quarter. Covestor Ltd increased its holdings in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Quent Capital LLC raised its position in DICK’S Sporting Goods by 0.6% in the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock valued at $2,095,000 after purchasing an additional 57 shares during the last quarter. Finally, Vista Capital Partners Inc. boosted its stake in shares of DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock valued at $227,000 after purchasing an additional 57 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Barclays boosted their price objective 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. Citigroup lowered their target price on 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. Finally, Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $210.16 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The company has a market capitalization of $17.11 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.29 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 52-week low of $119.84 and a 52-week high of $239.30. The company has a 50-day simple moving average of $205.72 and a 200 day simple moving average of $210.31.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 13.91 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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

DICK’S Sporting Goods Company Profile

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.