Tensile Capital Management LP Trims Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Tensile Capital Management LP lowered its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 426,844 shares of the sporting goods retailer's stock after selling 28,000 shares during the period. DICK'S Sporting Goods accounts for 9.6% of Tensile Capital Management LP's portfolio, making the stock its 2nd biggest holding. Tensile Capital Management LP owned about 0.52% of DICK'S Sporting Goods worth $89,082,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DKS. Renaissance Technologies LLC grew its position in DICK'S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock worth $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Holocene Advisors LP bought a new position in DICK'S Sporting Goods in the 3rd quarter worth approximately $70,562,000. KBC Group NV increased its position in DICK'S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock valued at $52,253,000 after acquiring an additional 225,015 shares during the period. International Assets Investment Management LLC raised its stake in DICK'S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock valued at $43,512,000 after acquiring an additional 207,446 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in DICK'S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock worth $41,740,000 after acquiring an additional 189,000 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock traded up $9.22 during trading on Friday, hitting $217.94. 976,981 shares of the company's stock traded hands, compared to its average volume of 1,099,417. The company has a market cap of $17.74 billion, a PE ratio of 15.47, a PEG ratio of 2.38 and a beta of 1.61. DICK'S Sporting Goods, Inc. has a twelve month low of $136.44 and a twelve month high of $239.30. The firm's fifty day moving average price is $205.26 and its 200 day moving average price is $211.14. 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 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 company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. Analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is 31.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DKS shares. UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital raised their target price on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Citigroup dropped their price target 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 raised their price objective on DICK'S Sporting Goods from $247.00 to $254.00 and gave the stock an "overweight" rating in a research note on Thursday, September 5th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $235.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.