Commerce Bank Has $616,000 Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Commerce Bank raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,950 shares of the sporting goods retailer’s stock after purchasing an additional 196 shares during the period. Commerce Bank’s holdings in DICK’S Sporting Goods were worth $616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DKS. ICA Group Wealth Management LLC acquired a new stake in DICK’S Sporting Goods during the second quarter valued at $28,000. Innealta Capital LLC purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $31,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $30,000. Finally, Richardson Financial Services Inc. acquired a new position in DICK’S Sporting Goods in the second quarter worth approximately $34,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on DKS shares. Bank of America boosted their target price on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Barclays raised their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Telsey Advisory Group upped their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, TD Cowen increased their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $215.13 on Tuesday. 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 market capitalization of $17.51 billion, a P/E ratio of 15.78, a P/E/G ratio of 2.39 and a beta of 1.64. The stock has a 50 day moving average of $205.78 and a two-hundred day moving average of $210.53. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $2.82 earnings per share. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. DICK’S Sporting Goods’s payout ratio is currently 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.