Cynosure Group LLC Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Cynosure Group LLC purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, Holdings Channel reports. The fund purchased 3,557 shares of the sporting goods retailer’s stock, valued at approximately $742,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after purchasing an additional 375,600 shares during the last quarter. KBC Group NV grew its holdings in shares of DICK’S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after purchasing an additional 225,015 shares in the last quarter. International Assets Investment Management LLC raised its stake in DICK’S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after purchasing an additional 207,446 shares in the last quarter. AQR Capital Management LLC lifted its position in DICK’S Sporting Goods by 40.2% during the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after purchasing an additional 156,227 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in shares of DICK’S Sporting Goods by 65.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock valued at $59,801,000 after buying an additional 110,570 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

DKS stock opened at $212.28 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company’s 50-day moving average is $205.78 and its 200-day moving average is $210.53. The stock has a market capitalization of $17.28 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1 year low of $119.84 and a 1 year high of $239.30.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued 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 yield of 2.07%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Evercore ISI reissued an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Barclays lifted their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $246.29.

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.