DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by FORA Capital LLC

FORA Capital LLC trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 92.4% during the third quarter, HoldingsChannel.com reports. The fund owned 1,644 shares of the sporting goods retailer’s stock after selling 19,993 shares during the period. FORA Capital LLC’s holdings in DICK’S Sporting Goods were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at $28,000. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $27,000. Innealta Capital LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $31,000. ORG Partners LLC acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $30,000. Finally, ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $30,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DKS has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Wells Fargo & Company dropped their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Loop Capital boosted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Finally, TD Cowen upped their price target on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $207.24 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $126.24 and a fifty-two week high of $239.30. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 2.43 and a beta of 1.64. The stock has a fifty day moving average of $205.75 and a two-hundred day moving average of $210.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 1.72.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

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.