DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.2% in the third quarter, HoldingsChannel.com reports. The fund owned 320,112 shares of the sporting goods retailer’s stock after selling 655 shares during the quarter. Glenmede Trust Co. NA’s holdings in DICK’S Sporting Goods were worth $66,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DKS. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods during the 3rd quarter valued at approximately $27,000. ICA Group Wealth Management LLC bought a new stake in DICK’S Sporting Goods in the second quarter valued at $28,000. ORG Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at $30,000. ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods during the third quarter worth about $30,000. Finally, Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods during the second quarter worth about $31,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Down 1.4 %

DICK’S Sporting Goods stock opened at $212.28 on Wednesday. The company has a 50 day moving average of $205.78 and a 200-day moving average of $210.53. 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 twelve month low of $119.84 and a twelve month high of $239.30. The stock has a market capitalization of $17.28 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. On average, equities 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 company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.07%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DKS. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a report on Wednesday. DA Davidson reiterated a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. TD Cowen increased their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company cut their price objective on shares of 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. Finally, JPMorgan Chase & Co. increased their target price 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.29.

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.