DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Versor Investments LP

Versor Investments LP lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 57.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,100 shares of the sporting goods retailer’s stock after selling 1,500 shares during the period. Versor Investments LP’s holdings in DICK’S Sporting Goods were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DKS. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods during the second quarter worth approximately $28,000. Covestor Ltd raised its position in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. ORG Partners LLC acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter worth $30,000. Finally, Innealta Capital LLC acquired a new position 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.

Analysts Set New Price Targets

DKS has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. DA Davidson reissued a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Bank of America increased their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. TD Cowen boosted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Telsey Advisory Group raised their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Trading Down 0.2 %

NYSE:DKS opened at $198.25 on Friday. DICK’S Sporting Goods, Inc. has a 52-week low of $114.82 and a 52-week high of $239.30. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $206.64 and a 200-day simple moving average of $210.33. The company has a market capitalization of $16.14 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $2.82 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.22%. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

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.