Logan Capital Management Inc. Sells 2,671 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Logan Capital Management Inc. decreased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,888 shares of the sporting goods retailer's stock after selling 2,671 shares during the quarter. DICK'S Sporting Goods comprises approximately 1.3% of Logan Capital Management Inc.'s holdings, making the stock its 12th largest position. Logan Capital Management Inc. owned approximately 0.19% of DICK'S Sporting Goods worth $32,743,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $28,000. Brooklyn Investment Group bought a new stake in DICK'S Sporting Goods during the third quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in DICK'S Sporting Goods during the second quarter worth approximately $31,000. ORG Partners LLC acquired a new position in DICK'S Sporting Goods in the second quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DICK'S Sporting Goods in the third quarter valued at $30,000. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wedbush restated a "neutral" rating and issued a $215.00 target price (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. 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. JPMorgan Chase & Co. upped 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 research note on Monday, September 9th. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Evercore ISI restated an "outperform" rating and issued a $280.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $244.95.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock traded up $5.60 during trading on Friday, reaching $223.39. The company's stock had a trading volume of 1,027,927 shares, compared to its average volume of 1,102,397. The business's fifty day moving average price is $206.41 and its 200-day moving average price is $212.36. DICK'S Sporting Goods, Inc. has a one year low of $137.06 and a one year high of $239.30. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.03 billion. During the same period in the prior year, the company earned $2.85 EPS. The business's quarterly revenue was up .5% compared to the same quarter last year. As a group, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current 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 $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.97%. DICK'S Sporting Goods's payout ratio is 31.45%.

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.