GSA Capital Partners LLP Sells 3,196 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

GSA Capital Partners LLP lowered its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 61.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,011 shares of the sporting goods retailer's stock after selling 3,196 shares during the quarter. GSA Capital Partners LLP's holdings in DICK'S Sporting Goods were worth $420,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new position in DICK'S Sporting Goods in the 2nd quarter worth about $28,000. Covestor Ltd raised its stake in shares of DICK'S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of DICK'S Sporting Goods in the second quarter valued at approximately $31,000. ORG Partners LLC acquired a new stake in DICK'S Sporting Goods during the 2nd quarter worth $30,000. Finally, ORG Wealth Partners LLC bought a new position in DICK'S Sporting Goods during the third quarter worth about $30,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Down 2.7 %

Shares of NYSE:DKS opened at $194.18 on Thursday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. DICK'S Sporting Goods, Inc. has a twelve month low of $119.84 and a twelve month high of $239.30. The firm has a 50 day simple moving average of $206.07 and a 200-day simple moving average of $210.29. The company has a market capitalization of $15.81 billion, a PE ratio of 14.25, a P/E/G ratio of 2.27 and a beta of 1.64.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm earned $2.82 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.91 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.27%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 32.28%.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent research reports. Citigroup cut their price objective on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Loop Capital boosted their price objective on DICK'S Sporting Goods from $200.00 to $220.00 and gave the stock a "hold" rating in a report on Thursday, September 5th. Wedbush reaffirmed a "neutral" rating and set a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Barclays lifted their price objective on DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus target price of $244.62.

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.