GSA Capital Partners LLP Has $420,000 Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

GSA Capital Partners LLP lowered its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 61.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,011 shares of the sporting goods retailer’s stock after selling 3,196 shares during the period. GSA Capital Partners LLP’s holdings in DICK’S Sporting Goods were worth $420,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Venturi Wealth Management LLC increased its holdings in DICK’S Sporting Goods by 253.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 612 shares of the sporting goods retailer’s stock worth $128,000 after purchasing an additional 439 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in DICK’S Sporting Goods by 4.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,249 shares of the sporting goods retailer’s stock worth $5,687,000 after purchasing an additional 1,215 shares in the last quarter. Kerusso Capital Management LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter worth about $1,554,000. Assetmark Inc. increased its holdings in DICK’S Sporting Goods by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer’s stock worth $382,000 after purchasing an additional 314 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its holdings in DICK’S Sporting Goods by 13.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 1,700 shares of the sporting goods retailer’s stock worth $357,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have 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 stock a “neutral” rating in a report on Monday, September 9th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 price target 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 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Evercore ISI reissued an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, UBS Group increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Down 2.7 %

Shares of NYSE:DKS opened at $194.18 on Thursday. The business’s 50 day simple moving average is $206.07 and its two-hundred day simple moving average is $210.29. The firm has a market cap of $15.81 billion, a P/E ratio of 14.25, a PEG ratio of 2.25 and a beta of 1.64. 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, Inc. has a 52-week low of $119.84 and a 52-week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced 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. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.91 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

DICK’S Sporting Goods 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.