Virtu Financial LLC Decreases Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Virtu Financial LLC cut its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 28.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,098 shares of the sporting goods retailer's stock after selling 5,901 shares during the period. Virtu Financial LLC's holdings in DICK'S Sporting Goods were worth $3,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in DKS. Cetera Investment Advisers acquired a new stake in shares of DICK'S Sporting Goods in the 1st quarter worth $1,697,000. M&G Plc purchased a new position in DICK'S Sporting Goods during the second quarter worth about $680,000. Wealth Enhancement Advisory Services LLC boosted its holdings in DICK'S Sporting Goods by 8.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,119 shares of the sporting goods retailer's stock valued at $1,744,000 after purchasing an additional 620 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of DICK'S Sporting Goods by 613.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 799 shares of the sporting goods retailer's stock valued at $172,000 after buying an additional 687 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of DICK'S Sporting Goods during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 1.2 %

NYSE DKS traded down $2.62 during trading hours on Thursday, hitting $218.42. 446,386 shares of the company were exchanged, compared to its average volume of 1,100,829. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.47 and a beta of 1.61. The company has a 50 day moving average of $206.01 and a two-hundred day moving average of $212.08. DICK'S Sporting Goods, Inc. has a 52-week low of $136.92 and a 52-week high of $239.30.

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 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. Equities research analysts anticipate 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 dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.01%. DICK'S Sporting Goods's payout ratio is currently 31.45%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price target on 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 DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Wedbush reaffirmed a "neutral" rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Finally, TD Cowen increased their target price 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Company 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.