First Bank & Trust Sells 102 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

First Bank & Trust lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,418 shares of the sporting goods retailer’s stock after selling 102 shares during the quarter. First Bank & Trust’s holdings in DICK’S Sporting Goods were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in DICK’S Sporting Goods by 7.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,718 shares of the sporting goods retailer’s stock worth $1,819,000 after acquiring an additional 599 shares during the period. Arkadios Wealth Advisors increased its position in DICK’S Sporting Goods by 16.5% during the third quarter. Arkadios Wealth Advisors now owns 4,099 shares of the sporting goods retailer’s stock worth $855,000 after acquiring an additional 581 shares during the period. Forsta AP Fonden increased its position in DICK’S Sporting Goods by 68.8% during the third quarter. Forsta AP Fonden now owns 21,100 shares of the sporting goods retailer’s stock worth $4,404,000 after acquiring an additional 8,600 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in DICK’S Sporting Goods by 8.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,384 shares of the sporting goods retailer’s stock worth $9,492,000 after acquiring an additional 3,585 shares during the period. Finally, Great Lakes Retirement Inc. increased its position in DICK’S Sporting Goods by 2.2% during the third quarter. Great Lakes Retirement Inc. now owns 11,222 shares of the sporting goods retailer’s stock worth $2,342,000 after acquiring an additional 245 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE:DKS traded down $0.15 during mid-day trading on Friday, reaching $204.37. 495,356 shares of the company were exchanged, compared to its average volume of 1,080,000. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $239.30. The company has a fifty day moving average of $216.06 and a 200 day moving average of $210.64. 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 stock has a market cap of $16.65 billion, a PE ratio of 16.92, a PEG ratio of 2.31 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping 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 firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The company’s revenue was up 7.6% on a year-over-year basis. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.15%. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research reports. Barclays boosted their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Evercore ISI reiterated an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Telsey Advisory Group lifted their price target 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 reiterated a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, UBS Group lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Company 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.