BlackRock Inc. reduced its holdings in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 15.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,944,650 shares of the sporting goods retailer’s stock after selling 1,292,338 shares during the quarter. BlackRock Inc. owned approximately 6.47% of Dicks Sporting Goods worth $199,588,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Schroder Investment Management Group boosted its holdings in shares of Dicks Sporting Goods by 120.1% in the 4th quarter. Schroder Investment Management Group now owns 1,195,700 shares of the sporting goods retailer’s stock valued at $34,365,000 after buying an additional 652,400 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Dicks Sporting Goods by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,669,928 shares of the sporting goods retailer’s stock valued at $47,995,000 after buying an additional 4,794 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Dicks Sporting Goods by 23.9% in the 4th quarter. Arizona State Retirement System now owns 59,512 shares of the sporting goods retailer’s stock valued at $1,710,000 after buying an additional 11,492 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Dicks Sporting Goods in the 4th quarter valued at approximately $3,872,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Dicks Sporting Goods by 9.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 137,659 shares of the sporting goods retailer’s stock valued at $3,956,000 after buying an additional 12,257 shares during the last quarter. 71.29% of the stock is owned by institutional investors.
DKS stock traded down $1.81 during trading hours on Friday, hitting $33.76. 3,226,774 shares of the stock were exchanged, compared to its average volume of 4,386,192. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.21. The stock has a market capitalization of $3,625.93, a price-to-earnings ratio of 11.22, a PEG ratio of 1.18 and a beta of 0.50. Dicks Sporting Goods Inc has a 12 month low of $23.88 and a 12 month high of $52.31.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 EPS. research analysts expect that Dicks Sporting Goods Inc will post 2.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were given a dividend of $0.225 per share. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 8th. This represents a $0.90 annualized dividend and a yield of 2.67%. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 29.90%.
Several equities research analysts have recently commented on DKS shares. Morgan Stanley reissued an “equal weight” rating and issued a $28.00 price objective on shares of Dicks Sporting Goods in a report on Thursday, December 14th. Stifel Nicolaus set a $30.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a report on Saturday, December 16th. Citigroup raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $28.00 to $35.00 in a report on Tuesday, December 19th. ValuEngine downgraded Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Wells Fargo raised Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $26.00 to $35.00 in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.85.
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Dicks Sporting Goods Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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