DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Cut by Tensile Capital Management LP

Tensile Capital Management LP decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.2% during the third quarter, Holdings Channel.com reports. The firm owned 426,844 shares of the sporting goods retailer’s stock after selling 28,000 shares during the period. DICK’S Sporting Goods accounts for about 9.6% of Tensile Capital Management LP’s portfolio, making the stock its 2nd largest position. Tensile Capital Management LP’s holdings in DICK’S Sporting Goods were worth $89,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in DICK’S Sporting Goods during the third quarter valued at $27,000. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods during the second quarter valued at $28,000. ORG Partners LLC bought a new position in DICK’S Sporting Goods during the second quarter valued at $30,000. ORG Wealth Partners LLC bought a new position in DICK’S Sporting Goods during the third quarter valued at $30,000. Finally, Innealta Capital LLC bought a new position in DICK’S Sporting Goods during the second quarter valued at $31,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DKS. Citigroup cut their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. TD Cowen boosted their price objective on shares of 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. Wedbush restated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Robert W. Baird restated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $208.68 on Friday. The firm has a market cap of $16.99 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 2.38 and a beta of 1.61. The firm has a 50-day simple moving average of $205.43 and a two-hundred day simple moving average of $211.15. DICK’S Sporting Goods, Inc. has a one year low of $136.44 and a one year high of $239.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

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.