Ontario Teachers Pension Plan Board Decreases Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Ontario Teachers Pension Plan Board lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 82.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,533 shares of the sporting goods retailer’s stock after selling 16,190 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in DICK’S Sporting Goods were worth $737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DKS. Commerce Bank boosted its stake in shares of DICK’S Sporting Goods by 7.1% during the 3rd quarter. Commerce Bank now owns 2,950 shares of the sporting goods retailer’s stock worth $616,000 after acquiring an additional 196 shares in the last quarter. Strategy Asset Managers LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth approximately $4,325,000. Avior Wealth Management LLC increased its stake in DICK’S Sporting Goods by 276.8% during the third quarter. Avior Wealth Management LLC now owns 1,172 shares of the sporting goods retailer’s stock valued at $245,000 after acquiring an additional 861 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in DICK’S Sporting Goods in the third quarter valued at about $900,000. Finally, Quest Partners LLC lifted its holdings in shares of DICK’S Sporting Goods by 871.9% during the third quarter. Quest Partners LLC now owns 4,150 shares of the sporting goods retailer’s stock valued at $866,000 after acquiring an additional 3,723 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $200.31 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $119.84 and a 1 year high of $239.30. The company’s 50-day moving average is $205.86 and its 200 day moving average is $210.22. 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 stock has a market capitalization of $16.31 billion, a P/E ratio of 14.70, a P/E/G ratio of 2.27 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating the consensus estimate of $3.77 by $0.60. The company 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%. DICK’S Sporting Goods’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. On average, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.91 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.28%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research reports. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Loop Capital lifted 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 note on Thursday, September 5th. Robert W. Baird reaffirmed 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. Citigroup lowered their target price 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. Finally, Wells Fargo & Company reduced their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

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.