Cadence Capital Management LLC decreased its position in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 28.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,833 shares of the sporting goods retailer’s stock after selling 3,859 shares during the quarter. Cadence Capital Management LLC’s holdings in Dicks Sporting Goods were worth $283,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in Dicks Sporting Goods during the 4th quarter worth $122,000. Toronto Dominion Bank lifted its stake in shares of Dicks Sporting Goods by 169.2% in the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after purchasing an additional 2,927 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Dicks Sporting Goods in the 3rd quarter valued at $132,000. State of Alaska Department of Revenue acquired a new position in shares of Dicks Sporting Goods in the 4th quarter valued at $188,000. Finally, Vicus Capital acquired a new position in shares of Dicks Sporting Goods in the 4th quarter valued at $202,000. 74.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on DKS shares. Citigroup raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the company from $28.00 to $35.00 in a research note on Tuesday, December 19th. Royal Bank of Canada cut their price target on Dicks Sporting Goods from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 15th. Wolfe Research downgraded Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research note on Wednesday, November 1st. Oppenheimer reissued a “hold” rating on shares of Dicks Sporting Goods in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. raised Dicks Sporting Goods from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.88.
Dicks Sporting Goods Inc (DKS) opened at $33.57 on Friday. The stock has a market capitalization of $3,614.11, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.97 and a beta of 0.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dicks Sporting Goods Inc has a 1-year low of $23.88 and a 1-year high of $52.89.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. equities analysts forecast that Dicks Sporting Goods Inc will post 2.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.68%. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.17. Dicks Sporting Goods’s dividend payout ratio is 25.09%.
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Dicks Sporting Goods Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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