Wilmington Savings Fund Society FSB Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Wilmington Savings Fund Society FSB bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 670 shares of the sporting goods retailer’s stock, valued at approximately $140,000.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods in the third quarter worth $27,000. ICA Group Wealth Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $28,000. ORG Wealth Partners LLC acquired a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $30,000. Innealta Capital LLC bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Finally, True Wealth Design LLC raised its stake in DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS opened at $217.59 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $137.06 and a fifty-two week high of $239.30. The firm has a 50-day moving average of $207.76 and a 200 day moving average of $212.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market cap of $17.73 billion, a P/E ratio of 15.55, a PEG ratio of 2.52 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 EPS. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.02%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Analysts Set New Price Targets

A number of brokerages have commented on DKS. Robert W. Baird reissued a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Wedbush restated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $244.95.

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.