Glenmede Trust Co. NA Decreases Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Glenmede Trust Co. NA cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 320,112 shares of the sporting goods retailer’s stock after selling 655 shares during the period. Glenmede Trust Co. NA owned approximately 0.39% of DICK’S Sporting Goods worth $66,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bridgewater Associates LP increased its position in shares of DICK’S Sporting Goods by 245.7% in the third quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer’s stock valued at $1,253,000 after buying an additional 4,266 shares in the last quarter. Cynosure Group LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $742,000. Townsquare Capital LLC raised its position in DICK’S Sporting Goods by 9.2% during the third quarter. Townsquare Capital LLC now owns 1,298 shares of the sporting goods retailer’s stock worth $271,000 after acquiring an additional 109 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its holdings in shares of DICK’S Sporting Goods by 49,000.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 491 shares of the sporting goods retailer’s stock valued at $103,000 after purchasing an additional 490 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of DICK’S Sporting Goods by 0.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,795 shares of the sporting goods retailer’s stock worth $10,810,000 after purchasing an additional 259 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DKS. JPMorgan Chase & Co. upped their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the stock from $225.00 to $260.00 in a research note on Wednesday. Finally, Wells Fargo & Company cut their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.29.

DICK’S Sporting Goods Stock Down 1.4 %

Shares of DICK’S Sporting Goods stock opened at $212.28 on Wednesday. The company has a fifty day moving average price of $205.78 and a 200 day moving average price of $210.53. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a twelve month low of $119.84 and a twelve month high of $239.30. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the company posted $2.85 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts forecast 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 firm 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 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.