Wesbanco Bank Inc. Sells 200 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Wesbanco Bank Inc. decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.8% in the third quarter, Holdings Channel.com reports. The firm owned 7,024 shares of the sporting goods retailer’s stock after selling 200 shares during the quarter. Wesbanco Bank Inc.’s holdings in DICK’S Sporting Goods were worth $1,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DKS. Nomura Holdings Inc. bought a new position in shares of DICK’S Sporting Goods in the 4th quarter worth about $956,000. Russell Investments Group Ltd. grew its holdings in DICK’S Sporting Goods by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock worth $22,009,000 after purchasing an additional 10,894 shares during the period. Quadrature Capital Ltd purchased a new stake in DICK’S Sporting Goods in the first quarter worth about $7,690,000. SG Americas Securities LLC increased its stake in shares of DICK’S Sporting Goods by 65.5% during the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock valued at $2,202,000 after purchasing an additional 3,875 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of DICK’S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after purchasing an additional 12,396 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DKS shares. Bank of America upped their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Wells Fargo & Company cut their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective 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. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $209.64 on Wednesday. The firm has a market capitalization of $17.08 billion, a P/E ratio of 17.35, a PEG ratio of 2.31 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. The business has a fifty day moving average of $216.09 and a 200 day moving average of $210.73.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the company posted $2.82 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders 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 dividend on an annualized basis and a yield of 2.10%. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

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.