DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 973 shares of the sporting goods retailer’s stock after selling 55 shares during the period. Independent Advisor Alliance’s holdings in DICK’S Sporting Goods were worth $203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its holdings in DICK’S Sporting Goods by 2.3% during the 1st quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock valued at $1,562,000 after buying an additional 153 shares during the last quarter. Swedbank AB acquired a new stake in DICK’S Sporting Goods during the 1st quarter valued at $1,670,000. Cetera Investment Advisers acquired a new stake in DICK’S Sporting Goods during the 1st quarter valued at $1,697,000. Westwood Holdings Group Inc. grew its holdings in DICK’S Sporting Goods by 12.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,063 shares of the sporting goods retailer’s stock valued at $1,363,000 after buying an additional 676 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in DICK’S Sporting Goods by 18.9% during the 2nd quarter. GAMMA Investing LLC now owns 962 shares of the sporting goods retailer’s stock valued at $207,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of a number of analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Evercore ISI reissued an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Citigroup reduced their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Wedbush reissued a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. Finally, UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Down 3.0 %

Shares of NYSE DKS opened at $207.24 on Friday. DICK’S Sporting Goods, Inc. has a 12-month low of $126.24 and a 12-month high of $239.30. The company has a market cap of $16.87 billion, a P/E ratio of 14.81, a P/E/G ratio of 2.43 and a beta of 1.64. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $205.75 and a 200 day moving average price of $210.68.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm earned $2.85 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

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.