DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 22.5% during the third quarter, HoldingsChannel reports. The fund owned 2,519 shares of the sporting goods retailer’s stock after acquiring an additional 463 shares during the quarter. CreativeOne Wealth LLC’s holdings in DICK’S Sporting Goods were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DKS. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth approximately $27,000. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $28,000. ORG Partners LLC acquired a new position in DICK’S Sporting Goods during the second quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods in the third quarter worth $30,000. Finally, Innealta Capital LLC acquired a new stake in DICK’S Sporting Goods in the second quarter valued at $31,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Down 3.0 %

Shares of DKS opened at $207.24 on Monday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $126.24 and a fifty-two week high of $239.30. The company has a market capitalization of $16.87 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64. The stock has a fifty day moving average of $205.65 and a two-hundred day moving average of $210.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 1.72.

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

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.12%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent analyst reports. Truist Financial upped 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, November 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Loop Capital boosted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods 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.