Quantbot Technologies LP Has $2.36 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Quantbot Technologies LP cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 41.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,287 shares of the sporting goods retailer’s stock after selling 7,893 shares during the quarter. Quantbot Technologies LP’s holdings in DICK’S Sporting Goods were worth $2,356,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. ICA Group Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter worth approximately $28,000. Innealta Capital LLC bought a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $31,000. ORG Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $30,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $34,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DKS. Citigroup dropped their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Wedbush restated a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Evercore ISI restated an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday. Eight equities 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.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Price Performance

DKS opened at $213.66 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $120.39 and a 1 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 has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. The firm’s fifty day moving average price is $205.79 and its two-hundred day moving average price is $210.66.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business 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 posted $2.85 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) 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.