Oppenheimer & Co. Inc. Sells 2,750 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Oppenheimer & Co. Inc. lessened its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 30.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,278 shares of the sporting goods retailer's stock after selling 2,750 shares during the period. Oppenheimer & Co. Inc.'s holdings in DICK'S Sporting Goods were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of DICK'S Sporting Goods by 99.1% in the third quarter. Victory Capital Management Inc. now owns 124,119 shares of the sporting goods retailer's stock worth $25,904,000 after buying an additional 61,767 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in shares of DICK'S Sporting Goods in the third quarter worth approximately $258,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of DICK'S Sporting Goods by 12.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,056 shares of the sporting goods retailer's stock worth $29,856,000 after buying an additional 15,591 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of DICK'S Sporting Goods by 253.8% in the third quarter. Venturi Wealth Management LLC now owns 612 shares of the sporting goods retailer's stock worth $128,000 after buying an additional 439 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in DICK'S Sporting Goods by 4.7% during the third quarter. Crossmark Global Holdings Inc. now owns 27,249 shares of the sporting goods retailer's stock valued at $5,687,000 after purchasing an additional 1,215 shares during the period. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS traded down $0.96 during midday trading on Tuesday, reaching $199.52. The stock had a trading volume of 1,032,335 shares, compared to its average volume of 1,063,856. The stock has a 50-day moving average of $206.50 and a 200-day moving average of $210.43. 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 company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.64. DICK'S Sporting Goods, Inc. has a 12-month low of $117.71 and a 12-month high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same period in the prior year, the company posted $2.82 earnings per share. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.91 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.21%. DICK'S Sporting Goods's dividend payout ratio is 32.28%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup lowered 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 increased their price objective on shares of DICK'S Sporting Goods from $200.00 to $220.00 and gave the company a "hold" rating in a research report on Thursday, September 5th. Evercore ISI restated an "outperform" rating and set a $280.00 price objective on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. UBS Group increased their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Finally, Robert W. Baird restated a "neutral" rating and set a $235.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.