Verition Fund Management LLC bought a new position in Dicks Sporting Goods Inc (NYSE:DKS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 20,412 shares of the sporting goods retailer’s stock, valued at approximately $587,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Okumus Fund Management Ltd. acquired a new position in shares of Dicks Sporting Goods in the 3rd quarter worth approximately $46,406,000. Crossmark Global Holdings Inc. acquired a new position in shares of Dicks Sporting Goods in the 3rd quarter worth approximately $327,000. Schroder Investment Management Group boosted its position in Dicks Sporting Goods by 256.7% during the 3rd quarter. Schroder Investment Management Group now owns 543,300 shares of the sporting goods retailer’s stock valued at $14,903,000 after purchasing an additional 391,000 shares during the period. Tredje AP fonden boosted its position in Dicks Sporting Goods by 68.6% during the 3rd quarter. Tredje AP fonden now owns 28,751 shares of the sporting goods retailer’s stock valued at $777,000 after purchasing an additional 11,700 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Dicks Sporting Goods by 37.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 185,890 shares of the sporting goods retailer’s stock valued at $5,029,000 after purchasing an additional 50,383 shares during the period. Institutional investors own 71.27% of the company’s stock.
Shares of Dicks Sporting Goods stock opened at $33.94 on Thursday. Dicks Sporting Goods Inc has a 12 month low of $23.88 and a 12 month high of $52.31. The company has a quick ratio of 0.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3,652.78, a price-to-earnings ratio of 11.28, a PEG ratio of 1.19 and a beta of 0.56.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, March 8th. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. Dicks Sporting Goods’s payout ratio is currently 29.90%.
A number of research analysts recently issued reports on DKS shares. Citigroup upgraded Dicks Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $35.00 in a research report on Tuesday, December 19th. Barclays lowered Dicks Sporting Goods from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $33.00 to $25.00 in a research report on Monday, February 5th. Susquehanna Bancshares upgraded Dicks Sporting Goods from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $25.00 to $41.00 in a research report on Tuesday, January 23rd. Stifel Nicolaus set a $30.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a research report on Saturday, December 16th. Finally, Wells Fargo upgraded Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. Dicks Sporting Goods has a consensus rating of “Hold” and an average price target of $34.85.
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Dicks Sporting Goods Company Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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