World Investment Advisors LLC Makes New $211,000 Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

World Investment Advisors LLC acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,013 shares of the sporting goods retailer’s stock, valued at approximately $211,000.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $27,000. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $28,000. ORG Wealth Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $30,000. Innealta Capital LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter valued at approximately $31,000. Finally, True Wealth Design LLC boosted its position in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Truist Financial upped their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. 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. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Finally, TD Cowen increased their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Stock Up 1.2 %

Shares of DICK’S Sporting Goods stock opened at $217.59 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $137.06 and a twelve month high of $239.30. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $207.76 and a 200 day moving average price of $212.43.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results 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 the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.85 earnings per share. Equities research analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.02%. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

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.