DICK’S Sporting Goods, Inc. (NYSE:DKS) Holdings Trimmed by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 24.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,462 shares of the sporting goods retailer’s stock after selling 463 shares during the period. Impact Partnership Wealth LLC’s holdings in DICK’S Sporting Goods were worth $305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great Lakes Retirement Inc. grew its position in DICK’S Sporting Goods by 2.2% during the 3rd quarter. Great Lakes Retirement Inc. now owns 11,222 shares of the sporting goods retailer’s stock worth $2,342,000 after purchasing an additional 245 shares in the last quarter. International Assets Investment Management LLC grew its position 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 worth $43,512,000 after purchasing an additional 207,446 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter worth approximately $241,000. Eastern Bank purchased a new position in DICK’S Sporting Goods during the 3rd quarter worth approximately $267,000. Finally, Signaturefd LLC grew its position in DICK’S Sporting Goods by 13.3% during the 3rd quarter. Signaturefd LLC now owns 979 shares of the sporting goods retailer’s stock worth $204,000 after purchasing an additional 115 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $204.47 on Friday. The company has a market capitalization of $16.66 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. 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 company’s fifty day moving average price is $216.46 and its 200 day moving average price is $210.66.

DICK’S Sporting Goods (NYSE:DKS) last announced its 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 net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the firm posted $2.82 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.15%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. TD Cowen lifted their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. lifted their target price on shares of 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. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Loop Capital lifted their target price on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.