Paloma Partners Management Co Lowers Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Paloma Partners Management Co decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 83.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the sporting goods retailer's stock after selling 5,146 shares during the quarter. Paloma Partners Management Co's holdings in DICK'S Sporting Goods were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DKS. Cetera Investment Advisers acquired a new stake in shares of DICK'S Sporting Goods during the 1st quarter valued at $1,697,000. Park Avenue Securities LLC boosted its stake in shares of DICK'S Sporting Goods by 211.7% during the second quarter. Park Avenue Securities LLC now owns 4,024 shares of the sporting goods retailer's stock valued at $865,000 after purchasing an additional 2,733 shares in the last quarter. CWM LLC grew its holdings in shares of DICK'S Sporting Goods by 16.4% during the second quarter. CWM LLC now owns 7,798 shares of the sporting goods retailer's stock worth $1,675,000 after purchasing an additional 1,100 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of DICK'S Sporting Goods by 3.5% in the second quarter. QRG Capital Management Inc. now owns 7,465 shares of the sporting goods retailer's stock valued at $1,604,000 after buying an additional 251 shares during the period. Finally, PFG Private Wealth Management LLC bought a new position in DICK'S Sporting Goods in the 2nd quarter valued at approximately $214,000. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 4.0 %

Shares of DKS stock traded up $8.37 on Friday, reaching $217.09. 1,705,503 shares of the company were exchanged, compared to its average volume of 1,359,909. DICK'S Sporting Goods, Inc. has a one year low of $136.44 and a one year high of $239.30. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.41 and a beta of 1.61. The company has a 50-day moving average of $205.42 and a 200-day moving average of $211.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating 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 firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter last year, the firm posted $2.85 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 2.03%. DICK'S Sporting Goods's payout ratio is 31.45%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DKS. Barclays boosted their target price 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. Robert W. Baird restated a "neutral" rating and issued a $235.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, August 28th. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on DICK'S Sporting Goods from $211.00 to $215.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Finally, UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Company 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.