Crossmark Global Holdings Inc. trimmed its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,364 shares of the sporting goods retailer’s stock after selling 550 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in DICK'S Sporting Goods were worth $542,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its holdings in shares of DICK'S Sporting Goods by 2,375.0% in the second quarter. Cornerstone Advisors Inc. now owns 693 shares of the sporting goods retailer’s stock valued at $29,000 after purchasing an additional 665 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in shares of DICK'S Sporting Goods by 286.5% during the 1st quarter. Verus Capital Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $34,000 after buying an additional 1,186 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in DICK'S Sporting Goods by 335.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 870 shares of the sporting goods retailer’s stock valued at $36,000 after buying an additional 670 shares during the last quarter. Captrust Financial Advisors acquired a new position in DICK'S Sporting Goods in the 2nd quarter valued at about $57,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in DICK'S Sporting Goods in the 2nd quarter valued at about $62,000. 78.10% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on DKS. JPMorgan Chase & Co. upped their target price on DICK'S Sporting Goods from $41.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. Bank of America upped their price objective on DICK'S Sporting Goods from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, August 27th. 140166 reiterated a “buy” rating and set a $59.00 price objective on shares of DICK'S Sporting Goods in a research report on Monday, August 10th. Wedbush boosted their target price on shares of DICK'S Sporting Goods from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, August 27th. Finally, Cleveland Research upgraded shares of DICK'S Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Friday, September 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. DICK'S Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $52.04.
In related news, SVP John Edward Hayes III sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $58.01, for a total value of $104,418.00. Following the completion of the transaction, the senior vice president now owns 34,891 shares in the company, valued at approximately $2,024,026.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edward W. Stack sold 250,000 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $51.97, for a total transaction of $12,992,500.00. The disclosure for this sale can be found here. Insiders sold 487,376 shares of company stock worth $26,583,045 in the last 90 days. Company insiders own 30.57% of the company’s stock.
Shares of DKS stock opened at $62.33 on Thursday. The business has a fifty day simple moving average of $57.03 and a 200 day simple moving average of $41.05. The company has a market cap of $5.55 billion, a P/E ratio of 21.64, a P/E/G ratio of 3.07 and a beta of 1.67. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 0.21. DICK'S Sporting Goods, Inc. has a twelve month low of $13.46 and a twelve month high of $63.03.
DICK'S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, August 26th. The sporting goods retailer reported $3.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $1.97. DICK'S Sporting Goods had a return on equity of 19.21% and a net margin of 3.03%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 4.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.01%. This is a boost from DICK'S Sporting Goods’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 10th. DICK'S Sporting Goods’s dividend payout ratio is currently 33.88%.
DICK'S Sporting Goods Profile
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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