CIBC Private Wealth Group LLC acquires 18,102 DICK’S Sporting Goods, Inc. shares (NYSE:DKS)

CIBC Private Wealth Group LLC increased its holding in Dick’s Sporting Goods, INC (NYSE:DKS) in the third quarter, according to the company’s most recent filing with the Securities and Exchange Commission.

The institutional investor bought 18,102 shares in the sporting goods retailer during the period mentioned.

This brought the total number of shares he owned in that company to 542,036. CIBC Private Wealth Group LLC held an interest in Dick’s Sporting Goods at the end of the most recent quarter that represented 0.68% of the company’s total value, or $56,718,000.

DKS has been cited several times in various scientific journals and publications.

In a report published on Tuesday, March 7th, Gordon Haskett stated that they were increasing their price target for Dick’s Sporting Goods from $135.00 to $170.00.

In a report published on Wednesday, March 8, TD Cowen, a market research firm, raised its target price on Dick’s Sporting Goods to $175.00 from $166.00 and gave the company a rating of above average.

In a March 8 report, Barclays rated the company “overweight” and raised its price target on Dick’s Sporting Goods to $174.00 from $139.00.

They also gave the company an “overweight” rating. Robert W

Baird raised his price target on Dick’s Sporting Goods from $ Research note released March 8th.

This was the company’s last action, but not the least.

Ten research analysts recommended that shareholders keep their current holdings, while fourteen gave the stock a buy rating.

According to Bloomberg, the current consensus recommendation for Dick’s Sporting Goods is a moderate buy, and the company’s target price has been set at an average of $155.30 per share.
Several prominent investors have changed their stock holdings in recent months. During the second quarter, $20,734,000 was invested in Dick’s Sporting Goods by B. Riley Financial Management INC. CoreCap Advisors LLC made a new investment in Dick’s Sporting Goods during the fiscal second quarter.

The new investment was estimated at approximately $40,000 in total. Cullen Frost Bankers INC increased its holdings of Dick’s Sporting Goods shares by 26.0% in the third quarter. Since the beginning of last quarter, Cullen Frost Bankers INC has purchased an additional 130 shares of the sporting goods company, bringing the total number of shares it owns to 630, valued at $66,000.

The acquisition of a new interest in Dick’s Sporting Goods cost Northern Oak Financial Management INC approximately $51,000 in the fiscal second quarter.

Finally, in the third quarter, Quadrant Capital Group LLC saw its stake in Dick’s Sporting Goods increase by 479.8%.

This is not to say that this is the least significant finding.

Quadrant Capital Group LLC now owns 690 shares after purchasing an additional 571 shares of the sporting goods retailer in the prior quarter.

Each share is worth $72,000 and the company has a market cap of $72,000.

Institutional investors hold the company’s shares for 75.08% of the total.
DKS shares went on sale Tuesday for the first time at $145.09 per share. During the last 52 weeks, the price of DICK’S Sporting Goods, INC has fluctuated at various points between a low of $63.45 and a high of $152.61.

This stock’s fifty-day simple moving average is $130.10 and its two-hundred-day simple moving average is $118.37.

The company has a market cap of $11.49 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-to-growth ratio of 2.01 and a beta of 1.4.

These metrics show that the company is relatively expensive relative to its earnings.

There is a debt to equity ratio of 0.61, an equivalent ratio of 0.81 quick ratios to current ratios, and an equivalent ratio of 1.88 current ratios to quick ratios.
The most recent earnings report for Dick’s Sporting Goods (NYSE:DKS) was released on March 7th and covers the previous quarter.

The report was the most recent version that could be found.

The athletic apparel retailer reported quarterly earnings of $2.93 per share, up $0.07 from the consensus estimate of $2.86.

The company’s revenue for the period was also $2.93 million.

Quarterly revenue was $3.60 billion, well above analysts’ average estimate of $3.45 billion for quarterly revenue.

Return on equity for Dick’s Sporting Goods was 45.97% and the company’s net margin was 8.43%.

Both numbers are percentages. Compared to the same period last year, the company’s quarterly profit rose 7.3%.

The company generated earnings of $3.64 per share for the same period last year.

Most stock market analysts estimate that Dick’s Sporting Goods, INC will most likely post earnings of 13.38 cents per share in 2018.

In addition, the company recently announced that it would introduce a quarterly dividend, scheduled to take place on March 31st. On Friday, March 17th, a dividend payment of $1 will be sent to each shareholder whose information is currently on record.

The dividend will be withheld from shareholders’ accounts as of Thursday, March 16. We can conclude that this is an increase since Dick’s Sporting Goods most recent quarterly dividend was $0.49.

This results in a dividend payment of $4 per year and a 2.76% return on investment.

The Dividend Payout Ratio (DPR) for Dick’s Sporting Goods has been calculated and is 18.11 percent.