Atria Investments Inc Has $358,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Atria Investments Inc lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 78.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,716 shares of the sporting goods retailer’s stock after selling 6,203 shares during the period. Atria Investments Inc’s holdings in DICK’S Sporting Goods were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $7,690,000. Principal Financial Group Inc. boosted its position in shares of DICK’S Sporting Goods by 5.5% during 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 during the last quarter. Swedbank AB bought a new stake in DICK’S Sporting Goods during the first quarter worth $1,670,000. Kerusso Capital Management LLC bought a new stake in DICK’S Sporting Goods during the third quarter worth $1,554,000. Finally, &PARTNERS purchased a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $309,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DKS. Evercore ISI reaffirmed an “outperform” rating and issued a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. TD Cowen upped 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. Bank of America boosted 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 research note on Thursday, September 5th. JPMorgan Chase & Co. raised their price target on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Wells Fargo & Company decreased their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $200.31 on Friday. The business has a 50 day moving average of $205.86 and a 200 day moving average of $210.22. DICK’S Sporting Goods, Inc. has a 52 week low of $119.84 and a 52 week high of $239.30. The company has a market cap of $16.31 billion, a PE ratio of 14.70, a P/E/G ratio of 2.27 and a beta of 1.64. 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 (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.44 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.91 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.20%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

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.