Sanctuary Advisors LLC Trims Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Sanctuary Advisors LLC lowered its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 33.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,364 shares of the sporting goods retailer's stock after selling 24,681 shares during the period. Sanctuary Advisors LLC owned about 0.06% of DICK'S Sporting Goods worth $10,164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in DICK'S Sporting Goods by 8.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,119 shares of the sporting goods retailer's stock valued at $1,744,000 after buying an additional 620 shares during the last quarter. ORG Partners LLC acquired a new stake in DICK'S Sporting Goods during the 2nd quarter worth $30,000. Envestnet Portfolio Solutions Inc. grew its position in DICK'S Sporting Goods by 51.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,634 shares of the sporting goods retailer's stock worth $1,210,000 after purchasing an additional 1,911 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in DICK'S Sporting Goods by 87.9% in the second quarter. Assenagon Asset Management S.A. now owns 2,756 shares of the sporting goods retailer's stock valued at $592,000 after purchasing an additional 1,289 shares during the period. Finally, Blue Trust Inc. increased its stake in DICK'S Sporting Goods by 435.0% in the second quarter. Blue Trust Inc. now owns 321 shares of the sporting goods retailer's stock valued at $72,000 after purchasing an additional 261 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DKS. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Barclays raised their target price on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the stock an "overweight" rating in a research note on Thursday, September 5th. TD Cowen boosted their price target on shares of DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Telsey Advisory Group restated an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Finally, DA Davidson reiterated a "buy" rating and set a $265.00 target price 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 assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $244.95.

DICK'S Sporting Goods Price Performance

DKS stock traded up $5.60 on Friday, reaching $223.39. The company had a trading volume of 1,027,927 shares, compared to its average volume of 1,102,397. The company's fifty day moving average is $206.41 and its 200 day moving average is $212.36. The company has a market cap of $18.20 billion, a P/E ratio of 15.97, a PEG 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, Inc. has a 1 year low of $137.06 and a 1 year high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $2.85 earnings per share. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is presently 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.