Larson Financial Group LLC Trims Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Larson Financial Group LLC lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,630 shares of the sporting goods retailer’s stock after selling 136 shares during the period. Larson Financial Group LLC’s holdings in DICK’S Sporting Goods were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DKS. Principal Financial Group Inc. grew its stake in shares of DICK’S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock valued at $51,446,000 after buying an additional 12,396 shares in the last quarter. Swedbank AB purchased a new position in DICK’S Sporting Goods during the 1st quarter valued at about $1,670,000. Kerusso Capital Management LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $1,554,000. &PARTNERS purchased a new stake in DICK’S Sporting Goods during the second quarter worth about $309,000. Finally, National Pension Service acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth about $4,195,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. UBS Group boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. DA Davidson reiterated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Loop Capital increased their price objective 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. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Trading Down 1.4 %

NYSE:DKS opened at $212.28 on Wednesday. DICK’S Sporting Goods, Inc. has a 1 year low of $119.84 and a 1 year high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The stock has a fifty day moving average price of $205.78 and a two-hundred day moving average price of $210.53. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 EPS. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 32.28%.

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.