DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by TCW Group Inc.

TCW Group Inc. trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.9% in the third quarter, HoldingsChannel.com reports. The firm owned 318,074 shares of the sporting goods retailer’s stock after selling 55,908 shares during the quarter. TCW Group Inc.’s holdings in DICK’S Sporting Goods were worth $66,382,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after buying an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in DICK’S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after acquiring an additional 57,672 shares in the last quarter. Renaissance Technologies LLC lifted its position in DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after acquiring an additional 375,600 shares during the last quarter. Geode Capital Management LLC boosted its stake in DICK’S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after acquiring an additional 10,640 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in DICK’S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after acquiring an additional 102,609 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 0.1 %

DKS opened at $213.88 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.47 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a one year low of $136.92 and a one year high of $239.30. The business’s fifty day moving average is $205.70 and its two-hundred day moving average is $212.02.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the firm earned $2.85 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Analyst Ratings Changes

Several research firms have recently weighed in on DKS. Bank of America boosted their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Evercore ISI reissued an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Truist Financial lifted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Finally, Citigroup lowered their price objective on shares of 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.95.

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.