Hennion & Walsh Asset Management Inc. Decreases Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hennion & Walsh Asset Management Inc. cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,605 shares of the sporting goods retailer’s stock after selling 1,562 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $4,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods during the second quarter valued at approximately $28,000. Covestor Ltd boosted its position in DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the period. Innealta Capital LLC bought a new stake in DICK’S Sporting Goods in the 2nd quarter worth $31,000. ORG Partners LLC bought a new stake in DICK’S Sporting Goods in the 2nd quarter worth $30,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods in the third quarter valued at about $30,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

DKS stock opened at $205.56 on Thursday. 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 firm has a 50 day moving average price of $216.86 and a 200-day moving average price of $210.71. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 2.31 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the company earned $2.82 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DKS shares. TD Cowen increased their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $235.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. DA Davidson restated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

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.