MetLife Investment Management LLC Sells 744 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

MetLife Investment Management LLC cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,135 shares of the sporting goods retailer’s stock after selling 744 shares during the quarter. MetLife Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $6,289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in shares of DICK’S Sporting Goods by 2.3% during the first quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock worth $1,562,000 after buying an additional 153 shares in the last quarter. Swedbank AB acquired a new position in DICK’S Sporting Goods in the 1st quarter worth about $1,670,000. Cetera Investment Advisers bought a new position in DICK’S Sporting Goods in the first quarter valued at about $1,697,000. GAMMA Investing LLC boosted its stake in shares of DICK’S Sporting Goods by 18.9% during the second quarter. GAMMA Investing LLC now owns 962 shares of the sporting goods retailer’s stock valued at $207,000 after purchasing an additional 153 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of DICK’S Sporting Goods by 141.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 208 shares of the sporting goods retailer’s stock worth $45,000 after purchasing an additional 122 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on DKS shares. Loop Capital raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday. Barclays lifted their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Truist Financial lifted their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, DA Davidson reissued a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. 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 an average rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $207.24 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.43 and a beta of 1.64. The business’s fifty day moving average is $205.65 and its 200 day moving average is $210.77. DICK’S Sporting Goods, Inc. has a twelve month low of $126.24 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the business earned $2.85 EPS. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.12%. DICK’S Sporting Goods’s payout ratio is currently 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.