DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 74.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,135 shares of the sporting goods retailer's stock after selling 104,214 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in DICK'S Sporting Goods were worth $7,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. Brooklyn Investment Group acquired a new stake in shares of DICK'S Sporting Goods in the third quarter valued at $27,000. ICA Group Wealth Management LLC acquired a new stake in shares of DICK'S Sporting Goods in the second quarter valued at $28,000. ORG Partners LLC acquired a new stake in shares of DICK'S Sporting Goods in the second quarter valued at $30,000. ORG Wealth Partners LLC acquired a new stake in shares of DICK'S Sporting Goods in the third quarter valued at $30,000. Finally, Innealta Capital LLC acquired a new stake in shares of DICK'S Sporting Goods in the second quarter valued at $31,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $8.33 during trading hours on Friday, reaching $217.05. The stock had a trading volume of 1,705,444 shares, compared to its average volume of 1,102,648. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 2.38 and a beta of 1.61. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a fifty-two week low of $136.44 and a fifty-two week high of $239.30. The firm has a 50-day moving average of $205.26 and a 200-day moving average of $211.14.

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 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business 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 of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. DICK'S Sporting Goods's payout ratio is 31.45%.

Analyst Ratings Changes

DKS has been the subject of a number of research reports. TD Cowen lifted their price objective on DICK'S Sporting Goods from $266.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Bank of America upped their price target on DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. Telsey Advisory Group restated an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Evercore ISI restated an "outperform" rating and set a $280.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Finally, Loop Capital upped 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. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and an average price target 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.