DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1,718.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the sporting goods retailer’s stock after purchasing an additional 189,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.25% of DICK’S Sporting Goods worth $41,740,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $27,000. ICA Group Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at approximately $28,000. ORG Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at approximately $30,000. ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $30,000. Finally, Innealta Capital LLC purchased a new position in DICK’S Sporting Goods during the second quarter worth approximately $31,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DKS shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday. Bank of America increased their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Loop Capital increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays increased their price target 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $213.70 on Thursday. The firm has a market cap of $17.40 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods, Inc. has a 1-year low of $120.39 and a 1-year high of $239.30. The firm has a fifty day moving average of $205.76 and a two-hundred day moving average of $210.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $2.85 EPS. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

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.