Quantbot Technologies LP Has $2.36 Million Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Quantbot Technologies LP cut its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 41.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,287 shares of the sporting goods retailer's stock after selling 7,893 shares during the quarter. Quantbot Technologies LP's holdings in DICK'S Sporting Goods were worth $2,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in DICK'S Sporting Goods by 5.5% during the 2nd quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer's stock worth $51,446,000 after acquiring an additional 12,396 shares during the period. Swedbank AB acquired a new stake in shares of DICK'S Sporting Goods during the 1st quarter worth $1,670,000. Kerusso Capital Management LLC acquired a new position in DICK'S Sporting Goods in the third quarter valued at about $1,554,000. &PARTNERS acquired a new position in DICK'S Sporting Goods in the second quarter valued at about $309,000. Finally, National Pension Service acquired a new stake in DICK'S Sporting Goods during the third quarter worth about $4,195,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DKS shares. Loop Capital boosted their target price on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research report on Wednesday. Bank of America boosted their price objective on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Robert W. Baird reiterated a "neutral" rating and issued a $235.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, August 28th. Telsey Advisory Group reissued an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a report on Tuesday. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $280.00 price objective on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Trading Down 3.0 %

DKS traded down $6.42 during midday trading on Friday, hitting $207.24. 1,206,770 shares of the company were exchanged, compared to its average volume of 1,092,371. The firm's 50 day moving average price is $205.75 and its 200-day moving average price is $210.68. DICK'S Sporting Goods, Inc. has a 1-year low of $126.24 and a 1-year high of $239.30. The firm has a market capitalization of $16.87 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.43 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 earnings per share. As a group, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

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.