DICK’S Sporting Goods, Inc. (NYSE:DKS) Stake Trimmed by Natixis Advisors LLC

Natixis Advisors LLC cut its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,866 shares of the sporting goods retailer’s stock after selling 1,227 shares during the quarter. Natixis Advisors LLC’s holdings in DICK’S Sporting Goods were worth $15,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DKS. ORG Partners LLC boosted its stake in DICK’S Sporting Goods by 37.0% in the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock worth $42,000 after purchasing an additional 54 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of DICK’S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after purchasing an additional 54 shares in the last quarter. Covestor Ltd boosted its position in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the period. Quent Capital LLC grew its holdings in shares of DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock valued at $2,095,000 after buying an additional 57 shares in the last quarter. Finally, Vista Capital Partners Inc. raised its position in DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock valued at $227,000 after buying an additional 57 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Down 0.5 %

DICK’S Sporting Goods stock opened at $199.52 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a fifty day moving average price of $206.35 and a two-hundred day moving average price of $210.41. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 2.25 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a fifty-two week low of $117.71 and a fifty-two week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the business posted $2.82 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.91 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DKS shares. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Telsey Advisory Group boosted their price objective on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Robert W. Baird reiterated a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Wells Fargo & Company lowered their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Finally, UBS Group increased their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

About DICK’S Sporting Goods

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.