Wesbanco Bank Inc. Sells 200 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Wesbanco Bank Inc. trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,024 shares of the sporting goods retailer’s stock after selling 200 shares during the period. Wesbanco Bank Inc.’s holdings in DICK’S Sporting Goods were worth $1,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $956,000. Russell Investments Group Ltd. boosted its position in shares of DICK’S Sporting Goods by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock valued at $22,009,000 after acquiring an additional 10,894 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of DICK’S Sporting Goods during the first quarter worth about $7,690,000. SG Americas Securities LLC increased its position in shares of DICK’S Sporting Goods by 65.5% in the first quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock worth $2,202,000 after purchasing an additional 3,875 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in DICK’S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after purchasing an additional 12,396 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Up 2.3 %

DKS opened at $209.64 on Wednesday. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. 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 business has a 50 day simple moving average of $216.09 and a two-hundred day simple moving average of $210.73. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.31 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared 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. This represents a $4.40 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. DA Davidson reiterated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Bank of America raised their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wells Fargo & Company cut their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. increased their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

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.