Dupont Capital Management Corp trimmed its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,289 shares of the sporting goods retailer's stock after selling 686 shares during the period. Dupont Capital Management Corp's holdings in DICK'S Sporting Goods were worth $449,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DKS. Byrne Asset Management LLC acquired a new position in DICK'S Sporting Goods during the second quarter valued at approximately $38,000. CoreCap Advisors LLC acquired a new position in DICK'S Sporting Goods during the second quarter valued at approximately $40,000. Northern Oak Wealth Management Inc. acquired a new position in DICK'S Sporting Goods during the second quarter valued at approximately $51,000. Banque Cantonale Vaudoise lifted its position in DICK'S Sporting Goods by 108.1% during the second quarter. Banque Cantonale Vaudoise now owns 747 shares of the sporting goods retailer's stock valued at $56,000 after buying an additional 388 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in DICK'S Sporting Goods by 196.7% during the second quarter. Parallel Advisors LLC now owns 994 shares of the sporting goods retailer's stock valued at $75,000 after buying an additional 659 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.
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DICK'S Sporting Goods Stock Performance
Shares of DKS opened at $128.65 on Friday. DICK'S Sporting Goods, Inc. has a 1 year low of $63.45 and a 1 year high of $131.12. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 2.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 1.81. The firm has a fifty day moving average of $115.96 and a 200-day moving average of $107.94.
DICK'S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The sporting goods retailer reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.36. DICK'S Sporting Goods had a net
margin of 9.52% and a return on equity of 52.43%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.70 billion. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 11.94 earnings per share for the current year.
DICK'S Sporting Goods Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9th were issued a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, December 8th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 17.21%.
Insider Buying and Selling
In related news, EVP Vladimir Rak sold 29,144 shares of the company's stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total value of $3,276,659.92. Following the completion of the sale, the executive vice president now owns 48,260 shares of the company's stock, valued at $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Vladimir Rak sold 29,144 shares of the company's stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total value of $3,276,659.92. Following the completion of the sale, the executive vice president now owns 48,260 shares of the company's stock, valued at $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Edward Hayes III sold 1,000 shares of the company's stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $120.57, for a total transaction of $120,570.00. Following the completion of the sale, the senior vice president now directly owns 26,231 shares of the company's stock, valued at approximately $3,162,671.67. The disclosure for this sale can be found here. Insiders sold 39,283 shares of company stock valued at $4,475,632 over the last 90 days. 32.83% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on DKS shares. Stifel Nicolaus lifted their price objective on shares of DICK'S Sporting Goods from $100.00 to $112.00 in a research note on Wednesday, November 23rd. Barclays lifted their price objective on shares of DICK'S Sporting Goods from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, November 23rd. UBS Group lifted their price objective on shares of DICK'S Sporting Goods from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Friday, January 6th. Stephens lifted their price objective on shares of DICK'S Sporting Goods to $121.00 in a research note on Friday, November 25th. Finally, Telsey Advisory Group lifted their price target on shares of DICK'S Sporting Goods from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 23rd. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and an average price target of $138.95.
DICK'S Sporting Goods Profile
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DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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