DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,711 shares of the sporting goods retailer’s stock after selling 145 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in DICK’S Sporting Goods were worth $566,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after purchasing an additional 375,600 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of DICK’S Sporting Goods by 19,851.3% in the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after purchasing an additional 207,446 shares during the period. Vanguard Group Inc. increased its stake in DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after buying an additional 166,687 shares during the period. AQR Capital Management LLC lifted its holdings in DICK’S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after buying an additional 156,227 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in DICK’S Sporting Goods by 65.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock valued at $59,801,000 after buying an additional 110,570 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DKS has been the topic of several analyst reports. UBS Group lifted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Robert W. Baird restated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. 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 research note on Thursday, September 5th. DA Davidson restated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Loop Capital boosted their target price on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Down 0.2 %

DICK’S Sporting Goods stock opened at $198.25 on Friday. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.24 and a beta of 1.64. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $206.64 and a two-hundred day moving average of $210.27. DICK’S Sporting Goods, Inc. has a twelve month low of $114.82 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the business earned $2.82 EPS. The business’s revenue was up 7.6% on a year-over-year basis. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 32.28%.

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.