JPMorgan Chase & Co. Lowers Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

JPMorgan Chase & Co. lessened its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 620,919 shares of the sporting goods retailer's stock after selling 184,085 shares during the quarter. JPMorgan Chase & Co. owned about 0.76% of DICK'S Sporting Goods worth $129,586,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Kerusso Capital Management LLC purchased a new position in DICK'S Sporting Goods during the third quarter worth approximately $1,554,000. National Pension Service purchased a new position in shares of DICK'S Sporting Goods during the 3rd quarter worth $4,195,000. Strategy Asset Managers LLC acquired a new position in shares of DICK'S Sporting Goods during the 3rd quarter valued at about $4,325,000. Landscape Capital Management L.L.C. grew its holdings in shares of DICK'S Sporting Goods by 402.9% in the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer's stock valued at $3,202,000 after purchasing an additional 12,293 shares during the period. Finally, Bridgewater Associates LP increased its position in DICK'S Sporting Goods by 245.7% during the third quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer's stock worth $1,253,000 after purchasing an additional 4,266 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

DKS stock traded down $1.93 on Thursday, hitting $226.91. The company's stock had a trading volume of 894,696 shares, compared to its average volume of 1,103,138. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. DICK'S Sporting Goods, Inc. has a 1 year low of $137.06 and a 1 year high of $239.30. The firm has a 50 day moving average of $211.39 and a two-hundred day moving average of $213.09. 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 (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 EPS. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.94%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

Analyst Upgrades and Downgrades

DKS has been the subject of several analyst reports. Bank of America increased their price target on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Truist Financial increased their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. DA Davidson reaffirmed a "buy" rating and issued a $265.00 price target on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Loop Capital boosted their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.