DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,516 shares of the sporting goods retailer's stock after selling 2,462 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.44% of DICK'S Sporting Goods worth $74,822,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in DICK'S Sporting Goods by 9.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,749 shares of the sporting goods retailer's stock worth $15,809,000 after buying an additional 6,314 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of DICK'S Sporting Goods by 22.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,519 shares of the sporting goods retailer's stock valued at $526,000 after buying an additional 463 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in DICK'S Sporting Goods by 1,718.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock valued at $41,740,000 after purchasing an additional 189,000 shares in the last quarter. Bridgewater Associates LP lifted its stake in DICK'S Sporting Goods by 245.7% in the 3rd quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer's stock valued at $1,253,000 after buying an additional 4,266 shares in the last quarter. Finally, Cynosure Group LLC purchased a new stake in shares of DICK'S Sporting Goods during the third quarter worth approximately $742,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded down $5.88 during midday trading on Tuesday, hitting $209.48. 1,829,639 shares of the company's stock were exchanged, compared to its average volume of 1,304,912. The firm's 50 day simple moving average is $205.65 and its 200 day simple moving average is $211.05. DICK'S Sporting Goods, Inc. has a 12-month low of $136.44 and a 12-month high of $239.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 2.45 and a beta of 1.61.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same period last year, the firm earned $2.85 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given 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 yield of 2.10%. DICK'S Sporting Goods's payout ratio is currently 31.45%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 price objective on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Loop Capital increased their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price objective on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Bank of America raised their price target on DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. Finally, Wedbush reissued a "neutral" rating and set a $215.00 target price (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $244.95.

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.