Quantbot Technologies LP Sells 7,893 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

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

Other institutional investors have also bought and sold shares of the company. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $28,000. ORG Partners LLC purchased a new stake in DICK’S Sporting Goods in the 2nd quarter worth about $30,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods in the 3rd quarter valued at about $30,000. Innealta Capital LLC bought a new position in DICK’S Sporting Goods during the second quarter worth about $31,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of DICK’S Sporting Goods in the second quarter worth about $34,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DKS shares. Loop Capital upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Performance

NYSE: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 business has a 50 day moving average of $205.79 and a 200 day moving average of $210.66. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period 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, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

About DICK’S Sporting Goods

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.