Amalgamated Bank Cuts Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Amalgamated Bank trimmed its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 16.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 worth $1,209,892,000 after buying an additional 166,687 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 worth $237,697,000 after buying an additional 375,600 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $167,683,000 after buying an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp increased its stake 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 worth $164,341,000 after buying an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake 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 worth $117,103,000 after buying an additional 156,227 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DKS has been the subject of several research reports. Citigroup dropped their price objective on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Bank of America increased their price objective on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Evercore ISI reissued an "outperform" rating and set a $280.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Finally, Telsey Advisory Group increased their price objective on shares of DICK'S Sporting Goods from $255.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.62.

DICK'S Sporting Goods Trading Up 1.5 %

Shares of NYSE:DKS traded up $2.96 during trading on Friday, reaching $202.94. 727,624 shares of the company were exchanged, compared to its average volume of 1,068,675. The firm has a market capitalization of $16.52 billion, a PE ratio of 14.80, a P/E/G ratio of 2.24 and a beta of 1.64. The business's fifty day simple moving average is $209.75 and its 200-day simple moving average is $210.50. DICK'S Sporting Goods, Inc. has a 12-month low of $110.07 and a 12-month high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK'S Sporting Goods's revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.82 earnings per share. On average, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, September 20th. DICK'S Sporting Goods's payout ratio is 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.