Advisors Asset Management Inc. Has $430,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisors Asset Management Inc. reduced its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,060 shares of the sporting goods retailer’s stock after selling 1,086 shares during the period. Advisors Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC boosted its position in shares of DICK’S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after buying an additional 54 shares during the period. CIBC Asset Management Inc boosted its position in shares of DICK’S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the period. Quent Capital LLC boosted its position in shares of DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after buying an additional 57 shares during the period. Vista Capital Partners Inc. boosted its position in shares of DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after buying an additional 57 shares during the period. Finally, Range Financial Group LLC boosted its position in shares of DICK’S Sporting Goods by 0.8% during the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock worth $2,017,000 after buying an additional 75 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Up 0.7 %

Shares of NYSE:DKS opened at $213.70 on Thursday. The firm has a market cap of $17.40 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a 12-month low of $120.39 and a 12-month high of $239.30. The business has a fifty day simple moving average of $205.76 and a 200 day simple moving average of $210.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $2.85 EPS. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

Wall Street Analyst Weigh In

DKS has been the subject of several recent research reports. Bank of America increased their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. JPMorgan Chase & Co. upped 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. 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. Finally, Truist Financial raised their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus price target 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.