LPL Financial LLC cut its holdings in Dicks Sporting Goods Inc (NYSE:DKS) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,223 shares of the sporting goods retailer’s stock after selling 3,384 shares during the quarter. LPL Financial LLC’s holdings in Dicks Sporting Goods were worth $409,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new position in Dicks Sporting Goods in the fourth quarter valued at approximately $122,000. Delpha Capital Management LLC acquired a new position in Dicks Sporting Goods in the fourth quarter valued at approximately $132,000. State of Alaska Department of Revenue acquired a new position in Dicks Sporting Goods in the fourth quarter valued at approximately $188,000. Vicus Capital acquired a new position in Dicks Sporting Goods in the fourth quarter valued at approximately $202,000. Finally, Virtu Financial LLC acquired a new position in Dicks Sporting Goods in the fourth quarter valued at approximately $209,000. 71.31% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on DKS shares. ValuEngine lowered Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Wells Fargo raised Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $26.00 to $35.00 in a research note on Wednesday, January 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 target price on shares of Dicks Sporting Goods in a research report on Wednesday, January 3rd. Canaccord Genuity set a $34.00 target price on Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Sunday, January 7th. Finally, BMO Capital Markets set a $40.00 target price on Dicks Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, January 11th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $34.85.
Shares of Dicks Sporting Goods stock opened at $31.41 on Friday. Dicks Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $52.31. The firm has a market cap of $3,385.34, a P/E ratio of 10.44, a P/E/G ratio of 1.10 and a beta of 0.50. The company has a quick ratio of 0.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.03.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. Dicks Sporting Goods’s revenue was up 6.5% compared to the same quarter last year. equities analysts anticipate that Dicks Sporting Goods Inc will post 2.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 8th. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. Dicks Sporting Goods’s dividend payout ratio is 29.90%.
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About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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