TCW Group Inc. Cuts Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

TCW Group Inc. lessened its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 14.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 318,074 shares of the sporting goods retailer's stock after selling 55,908 shares during the period. TCW Group Inc. owned 0.39% of DICK'S Sporting Goods worth $66,382,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank grew its position in shares of DICK'S Sporting Goods by 29.1% in the 3rd quarter. Toronto Dominion Bank now owns 7,322 shares of the sporting goods retailer's stock valued at $1,528,000 after buying an additional 1,650 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of DICK'S Sporting Goods by 5.7% in the third quarter. Coldstream Capital Management Inc. now owns 10,271 shares of the sporting goods retailer's stock worth $2,143,000 after acquiring an additional 553 shares during the period. Geode Capital Management LLC boosted its holdings in DICK'S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after acquiring an additional 10,640 shares during the last quarter. M&T Bank Corp raised its holdings in DICK'S Sporting Goods by 10.0% during the 3rd quarter. M&T Bank Corp now owns 4,076 shares of the sporting goods retailer's stock worth $851,000 after purchasing an additional 370 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter worth approximately $288,000. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DKS shares. DA Davidson restated a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Citigroup reduced their price objective on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Finally, Evercore ISI reiterated an "outperform" rating and set a $280.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $244.95.

DICK'S Sporting Goods Stock Performance

DKS stock traded up $7.28 during midday trading on Wednesday, reaching $221.04. 1,198,514 shares of the company's stock traded hands, compared to its average volume of 1,103,705. DICK'S Sporting Goods, Inc. has a 52 week low of $136.92 and a 52 week high of $239.30. The company has a 50-day moving average price of $205.70 and a two-hundred day moving average price of $212.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm has a market capitalization of $18.01 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.47 and a beta of 1.61.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the company earned $2.85 EPS. The firm's revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.99%. DICK'S Sporting Goods's payout ratio is currently 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.