Dicks Sporting Goods Inc (DKS) Shares Sold by New York State Common Retirement Fund
New York State Common Retirement Fund reduced its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 239,578 shares of the sporting goods retailer’s stock after selling 3,800 shares during the quarter. New York State Common Retirement Fund owned about 0.22% of Dicks Sporting Goods worth $6,471,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Dicks Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. HPM Partners LLC purchased a new position in shares of Dicks Sporting Goods in the 2nd quarter valued at approximately $272,000. Nordea Investment Management AB raised its position in shares of Dicks Sporting Goods by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after purchasing an additional 26 shares during the last quarter. QS Investors LLC raised its position in shares of Dicks Sporting Goods by 57,533.3% in the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after purchasing an additional 5,178 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Dicks Sporting Goods by 21.7% during the 2nd quarter. Advisory Services Network LLC now owns 5,229 shares of the sporting goods retailer’s stock worth $208,000 after buying an additional 931 shares during the last quarter. 72.81% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on DKS shares. Wells Fargo & Co set a $29.00 price target on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, October 11th. ValuEngine lowered shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets reissued an “outperform” rating on shares of Dicks Sporting Goods in a research report on Thursday, September 14th. Royal Bank of Canada reduced their price target on shares of Dicks Sporting Goods from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 15th. Finally, Wolfe Research lowered shares of Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price target for the company. in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $32.28.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. research analysts forecast that Dicks Sporting Goods Inc will post 2.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.29%. Dicks Sporting Goods’s payout ratio is 25.09%.
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Dicks Sporting Goods Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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