Los Angeles Capital Management LLC lessened its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 80.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,184 shares of the sporting goods retailer's stock after selling 223,154 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.07% of DICK'S Sporting Goods worth $11,517,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in DICK'S Sporting Goods in the second quarter worth $28,000. Covestor Ltd grew 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 buying an additional 55 shares in the last quarter. ORG Partners LLC purchased a new position in DICK'S Sporting Goods during the 2nd quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in DICK'S Sporting Goods in the third quarter valued at $30,000. Finally, Innealta Capital LLC purchased a new stake in shares of DICK'S Sporting Goods during the 2nd quarter worth about $31,000. 89.83% of the stock is currently owned by institutional investors.
DICK'S Sporting Goods Trading Up 0.5 %
DICK'S Sporting Goods stock traded up $1.06 during trading on Tuesday, reaching $199.54. 492,460 shares of the company were exchanged, compared to its average volume of 1,064,287. The stock's 50 day simple moving average is $208.29 and its two-hundred day simple moving average is $210.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company has a market capitalization of $16.25 billion, a P/E ratio of 14.55, a PEG ratio of 2.31 and a beta of 1.64. DICK'S Sporting Goods, Inc. has a 52-week low of $110.07 and a 52-week high of $239.30.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.44 billion. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK'S Sporting Goods's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. On average, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.
DICK'S Sporting Goods Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.21%. DICK'S Sporting Goods's payout ratio is presently 32.28%.
Analyst Ratings Changes
DKS has been the subject of several research reports. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Wedbush restated a "neutral" rating and set a $250.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. DA Davidson reaffirmed a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Barclays increased their price target on shares of DICK'S Sporting Goods from $247.00 to $254.00 and gave the stock an "overweight" rating in a report on Thursday, September 5th. Finally, Bank of America raised their price objective on shares of 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. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $244.62.
Check Out Our Latest Stock Report on DICK'S Sporting Goods
About DICK'S Sporting Goods
(
Free Report)
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.
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