Amalgamated Bank Has $5.75 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Amalgamated Bank lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 16.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,573 shares of the sporting goods retailer’s stock after selling 5,572 shares during the period. Amalgamated Bank’s holdings in DICK’S Sporting Goods were worth $5,754,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DKS. Vanguard Group Inc. lifted its position in DICK’S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after acquiring an additional 166,687 shares in the last quarter. Renaissance Technologies LLC lifted its position in DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after acquiring an additional 375,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in DICK’S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after acquiring an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp lifted its position in DICK’S Sporting Goods by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock valued at $164,341,000 after acquiring an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in DICK’S Sporting Goods by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after acquiring an additional 156,227 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Barclays boosted their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. UBS Group boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Stock Up 2.5 %

Shares of DKS opened at $199.95 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $110.07 and a 52 week high of $239.30. The firm has a market cap of $16.28 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 2.24 and a beta of 1.64. The firm’s 50-day simple moving average is $209.75 and its 200 day simple moving average is $210.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the business earned $2.82 EPS. DICK’S Sporting Goods’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.20%. DICK’S Sporting Goods’s payout ratio is presently 32.28%.

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.