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

Affinity Investment Advisors LLC lessened its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,750 shares of the sporting goods retailer’s stock after selling 56 shares during the period. Affinity Investment Advisors LLC’s holdings in DICK’S Sporting Goods were worth $1,409,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods during the second quarter worth $28,000. Covestor Ltd increased its holdings in shares of DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in DICK’S Sporting Goods during the third quarter worth approximately $30,000. Finally, Innealta Capital LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at approximately $31,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $193.71 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a 52 week low of $109.00 and a 52 week high of $239.30. The company has a market cap of $15.77 billion, a P/E ratio of 14.21, a PEG ratio of 2.28 and a beta of 1.62. The company has a 50-day moving average price of $212.78 and a 200 day moving average price of $210.47.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. Research analysts predict 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 announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is currently 32.28%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup cut their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Loop Capital boosted their price target on shares of 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. TD Cowen raised their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Bank of America lifted their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.