Central Bank & Trust Co. Trims Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Central Bank & Trust Co. cut its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,468 shares of the sporting goods retailer's stock after selling 3,640 shares during the quarter. Central Bank & Trust Co.'s holdings in DICK'S Sporting Goods were worth $7,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. ORG Partners LLC grew its holdings in shares of DICK'S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock valued at $42,000 after buying an additional 54 shares during the last quarter. Covestor Ltd lifted its holdings in shares of DICK'S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Quent Capital LLC boosted its position in shares of DICK'S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer's stock valued at $2,095,000 after buying an additional 57 shares during the last quarter. Vista Capital Partners Inc. raised its position in DICK'S Sporting Goods by 5.7% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer's stock worth $227,000 after buying an additional 57 shares during the last quarter. Finally, Range Financial Group LLC raised its position in DICK'S Sporting Goods by 0.8% in the 2nd quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer's stock worth $2,017,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

DKS stock opened at $196.73 on Tuesday. DICK'S Sporting Goods, Inc. has a one year low of $110.07 and a one year high of $239.30. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.20 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The firm has a 50-day simple moving average of $212.78 and a two-hundred day simple moving average of $210.65.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results 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 business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.24%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 32.28%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Telsey Advisory Group lifted their price target on shares of DICK'S Sporting Goods from $255.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. UBS Group lifted their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. Citigroup lowered their target price on DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Barclays boosted their price target on DICK'S Sporting Goods from $247.00 to $254.00 and gave the company an "overweight" rating in a research note on Thursday, September 5th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $235.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average price target of $244.62.

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.

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