Foster & Motley Inc. Sells 480 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Foster & Motley Inc. decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,315 shares of the sporting goods retailer’s stock after selling 480 shares during the period. Foster & Motley Inc. owned 0.05% of DICK’S Sporting Goods worth $8,622,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $28,000. Covestor Ltd increased its holdings in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter worth about $31,000. ORG Partners LLC bought a new position in DICK’S Sporting Goods during the second quarter valued at approximately $30,000. Finally, ORG Wealth Partners LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DKS. Loop Capital increased their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Barclays lifted their price objective 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 set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Citigroup dropped their price target on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Wells Fargo & Company decreased their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. 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 MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $197.00 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The company has a market capitalization of $16.04 billion, a PE ratio of 14.53, a P/E/G ratio of 2.20 and a beta of 1.64. The company has a 50 day moving average price of $211.25 and a 200-day moving average price of $210.68. DICK’S Sporting Goods, Inc. has a fifty-two week low of $110.07 and a fifty-two week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business earned $2.82 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.23%. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

About DICK’S Sporting Goods

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.