Sigma Planning Corp Lowers Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Sigma Planning Corp cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.3% in the third quarter, HoldingsChannel reports. The fund owned 3,481 shares of the sporting goods retailer’s stock after selling 158 shares during the period. Sigma Planning Corp’s holdings in DICK’S Sporting Goods were worth $727,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods in the third quarter worth about $1,554,000. Assetmark Inc. raised its holdings in DICK’S Sporting Goods by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer’s stock worth $382,000 after purchasing an additional 314 shares during the period. Leavell Investment Management Inc. boosted its position in DICK’S Sporting Goods by 13.3% during the third quarter. Leavell Investment Management Inc. now owns 1,700 shares of the sporting goods retailer’s stock worth $357,000 after purchasing an additional 200 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in DICK’S Sporting Goods in the third quarter valued at approximately $49,000. Finally, Montecito Bank & Trust increased its position in shares of DICK’S Sporting Goods by 18.8% in the third quarter. Montecito Bank & Trust now owns 1,390 shares of the sporting goods retailer’s stock valued at $290,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Telsey Advisory Group boosted their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. DA Davidson reaffirmed 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. UBS Group lifted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Citigroup decreased their target price on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Nine investment 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, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $198.74 on Friday. The business’s fifty day simple moving average is $206.84 and its 200-day simple moving average is $210.32. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The firm has a market cap of $16.18 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.26 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 52 week low of $114.82 and a 52 week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period last year, the business earned $2.82 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

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. This represents a $4.40 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 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.