Virtu Financial LLC Buys New Stake in Dicks Sporting Goods Inc (DKS)

Virtu Financial LLC bought a new stake in Dicks Sporting Goods Inc (NYSE:DKS) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 16,696 shares of the sporting goods retailer’s stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board grew its position in shares of Dicks Sporting Goods by 0.3% during the third quarter. Canada Pension Plan Investment Board now owns 462,900 shares of the sporting goods retailer’s stock worth $16,424,000 after buying an additional 1,400 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Dicks Sporting Goods by 0.6% during the second quarter. California Public Employees Retirement System now owns 275,068 shares of the sporting goods retailer’s stock worth $9,696,000 after buying an additional 1,774 shares in the last quarter. Global X Management Co LLC grew its position in shares of Dicks Sporting Goods by 55.1% during the second quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock worth $187,000 after buying an additional 1,886 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Dicks Sporting Goods by 2.8% during the second quarter. Commonwealth Bank of Australia now owns 70,745 shares of the sporting goods retailer’s stock worth $2,491,000 after buying an additional 1,900 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Dicks Sporting Goods by 16.0% during the second quarter. Martingale Asset Management L P now owns 15,318 shares of the sporting goods retailer’s stock worth $540,000 after buying an additional 2,116 shares in the last quarter. 78.56% of the stock is owned by institutional investors.

DKS stock opened at $36.34 on Friday. The company has a market cap of $3.61 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.78 and a beta of 0.33. Dicks Sporting Goods Inc has a fifty-two week low of $28.73 and a fifty-two week high of $39.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.61 and a quick ratio of 0.19.

Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.13. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, sell-side analysts anticipate that Dicks Sporting Goods Inc will post 3.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, December 13th. Dicks Sporting Goods’s dividend payout ratio is currently 29.90%.

A number of equities analysts have recently commented on the company. Wedbush boosted their price objective on Dicks Sporting Goods from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 21st. Citigroup downgraded Dicks Sporting Goods from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Monday, December 3rd. ValuEngine raised Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Royal Bank of Canada boosted their price objective on Dicks Sporting Goods to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, November 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $34.00 price objective on shares of Dicks Sporting Goods in a research report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $39.50.

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Dicks Sporting Goods Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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