Citigroup Inc. Decreases Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Citigroup Inc. cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,605 shares of the sporting goods retailer’s stock after selling 9,347 shares during the quarter. Citigroup Inc.’s holdings in DICK’S Sporting Goods were worth $61,067,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in DICK’S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after purchasing an additional 375,600 shares during the last quarter. KBC Group NV boosted its position in DICK’S Sporting Goods by 887.3% during the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after purchasing an additional 225,015 shares during the period. International Assets Investment Management LLC boosted its position in DICK’S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock worth $43,512,000 after purchasing an additional 207,446 shares during the period. AQR Capital Management LLC boosted its position in DICK’S Sporting Goods by 40.2% during the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after purchasing an additional 156,227 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in DICK’S Sporting Goods by 65.9% during the second quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock worth $59,801,000 after purchasing an additional 110,570 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Up 4.2 %

Shares of NYSE DKS opened at $210.16 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 $119.84 and a 52 week high of $239.30. The firm’s fifty day moving average is $205.72 and its 200 day moving average is $210.31. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.29 and a beta of 1.64.

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, beating the consensus estimate 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 net margin of 8.46% and a return on equity of 45.14%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 earnings per share. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.91 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is 32.28%.

Wall Street Analyst Weigh In

DKS has been the subject of a number of analyst reports. Evercore ISI restated an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. TD Cowen raised their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. UBS Group lifted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. DA Davidson reiterated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, Telsey Advisory Group lifted their target price on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average 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.