DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19.0% during the third quarter, Holdings Channel reports. The fund owned 3,677 shares of the sporting goods retailer’s stock after selling 864 shares during the quarter. Penserra Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $767,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. ICA Group Wealth Management LLC acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth approximately $31,000. ORG Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the second quarter worth $30,000. ORG Wealth Partners LLC acquired a new stake in DICK’S Sporting Goods in the third quarter valued at $30,000. Finally, Richardson Financial Services Inc. bought a new position in DICK’S Sporting Goods during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of recent analyst reports. Citigroup cut their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the stock from $225.00 to $260.00 in a report on Wednesday. Barclays boosted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Loop Capital raised their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Up 0.7 %

DKS stock opened at $213.70 on Thursday. The firm’s 50-day moving average is $205.76 and its two-hundred day moving average is $210.64. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 52 week low of $120.39 and a 52 week high of $239.30. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the business earned $2.85 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 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.