TCW Group Inc. Reduces Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

TCW Group Inc. lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 318,074 shares of the sporting goods retailer’s stock after selling 55,908 shares during the period. TCW Group Inc. owned 0.39% of DICK’S Sporting Goods worth $66,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DKS. ICA Group Wealth Management LLC acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $28,000. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $27,000. Innealta Capital LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $31,000. ORG Partners LLC purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $213.88 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.61. The stock’s 50-day moving average is $205.70 and its two-hundred day moving average is $212.02. DICK’S Sporting Goods, Inc. has a 1-year low of $136.92 and a 1-year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.06%. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Evercore ISI restated an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Barclays boosted their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Bank of America increased their target price on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company 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.