DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 182,577 shares of the sporting goods retailer’s stock after selling 56,874 shares during the quarter. Principal Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $38,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods during the third quarter worth $27,000. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods during the second quarter worth $28,000. ORG Wealth Partners LLC acquired a new position in DICK’S Sporting Goods during the third quarter worth $30,000. Innealta Capital LLC acquired a new position in DICK’S Sporting Goods during the second quarter worth $31,000. Finally, True Wealth Design LLC raised its position in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after acquiring an additional 145 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Up 3.0 %

Shares of DKS stock opened at $225.31 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market cap of $18.36 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The company has a 50-day moving average of $208.44 and a two-hundred day moving average of $212.41. DICK’S Sporting Goods, Inc. has a 1-year low of $137.06 and a 1-year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The company 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%. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 earnings per share. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Wedbush reiterated a “neutral” rating and issued a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Truist Financial increased their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. 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 research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

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.