Fulton Bank N.A. Has $3.49 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fulton Bank N.A. lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 16,704 shares of the sporting goods retailer’s stock after selling 680 shares during the period. Fulton Bank N.A.’s holdings in DICK’S Sporting Goods were worth $3,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DKS. Renaissance Technologies LLC raised its holdings in shares of DICK’S Sporting Goods by 51.4% in 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. Vanguard Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after acquiring an additional 166,687 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 5,379.0% during the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after acquiring an additional 164,706 shares during the last quarter. AQR Capital Management LLC lifted its holdings 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 acquiring an additional 156,227 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in DICK’S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after purchasing an additional 102,609 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 4.1 %

Shares of NYSE DKS traded down $8.83 during mid-day trading on Monday, hitting $206.20. 1,023,444 shares of the stock traded hands, compared to its average volume of 1,111,243. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.45 and a beta of 1.62. The stock has a fifty day moving average price of $216.06 and a 200-day moving average price of $211.59. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week 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.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the business earned $2.82 EPS. DICK’S Sporting Goods’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business 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. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.13%. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DKS. Loop Capital boosted their target price on 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. TD Cowen lifted their price target on 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 raised their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Telsey Advisory Group raised 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 note on Friday, August 30th. Finally, Bank of America increased their target price 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. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares in the company, valued at $1,159,099.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 32.03% of the company’s stock.

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.