DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,876 shares of the sporting goods retailer’s stock after selling 10,604 shares during the quarter. Intech Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $4,774,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth $28,000. Covestor Ltd raised 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 valued at $30,000 after buying 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 valued at about $31,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the third quarter worth about $30,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $210.11 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a market cap of $17.11 billion, a PE ratio of 15.42, a P/E/G ratio of 2.27 and a beta of 1.64. The firm has a 50 day simple moving average of $205.72 and a 200-day simple moving average of $210.26. DICK’S Sporting Goods, Inc. has a 1-year low of $119.84 and a 1-year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating 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 company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm posted $2.82 EPS. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.91 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors 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 annualized dividend and a yield of 2.09%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DKS shares. JPMorgan Chase & Co. increased their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays boosted 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 report on Thursday, September 5th. UBS Group increased their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, Bank of America boosted their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Nine investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

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.