Larson Financial Group LLC Decreases Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Larson Financial Group LLC reduced its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,630 shares of the sporting goods retailer’s stock after selling 136 shares during the period. Larson Financial Group LLC’s holdings in DICK’S Sporting Goods were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DKS. ORG Partners LLC grew its position in shares of DICK’S Sporting Goods by 37.0% in the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer’s stock valued at $42,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc grew its holdings in DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock valued at $675,000 after buying an additional 54 shares during the last quarter. Quent Capital LLC increased its position in DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after buying an additional 57 shares in the last quarter. Vista Capital Partners Inc. raised its holdings in shares of DICK’S Sporting Goods by 5.7% in the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after acquiring an additional 57 shares during the last quarter. Finally, Range Financial Group LLC lifted its position in shares of DICK’S Sporting Goods by 0.8% in the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock valued at $2,017,000 after acquiring an additional 75 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DKS. Barclays lifted their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted 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 report on Monday, September 9th. TD Cowen raised their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday. Finally, UBS Group increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Trading Down 1.4 %

Shares of DKS stock opened at $212.28 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $239.30. The firm’s 50 day moving average price is $205.78 and its two-hundred day moving average price is $210.53. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the business posted $2.85 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is 32.28%.

DICK’S Sporting Goods Company 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.