Sigma Planning Corp Trims Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Sigma Planning Corp trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,481 shares of the sporting goods retailer’s stock after selling 158 shares during the period. Sigma Planning Corp’s holdings in DICK’S Sporting Goods were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth $28,000. Covestor Ltd grew its position in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. ORG Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the second quarter worth $30,000. ORG Wealth Partners LLC purchased a new stake in shares of DICK’S Sporting Goods during the third quarter valued at $30,000. Finally, Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter worth about $31,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DKS shares. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. UBS Group lifted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Loop Capital increased their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Evercore ISI reissued 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. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Trading Up 0.7 %

NYSE:DKS opened at $198.74 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $206.84 and a 200-day simple moving average of $210.32. DICK’S Sporting Goods, Inc. has a 12 month low of $114.82 and a 12 month high of $239.30. The company has a market capitalization of $16.18 billion, a P/E ratio of 14.58, a PEG ratio of 2.26 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.82 earnings per share. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

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

DICK’S Sporting Goods 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.