Farther Finance Advisors LLC Sells 263 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Farther Finance Advisors LLC decreased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 21.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950 shares of the sporting goods retailer’s stock after selling 263 shares during the quarter. Farther Finance Advisors LLC’s holdings in DICK’S Sporting Goods were worth $198,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in DICK’S Sporting Goods by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock valued at $22,009,000 after buying an additional 10,894 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of DICK’S Sporting Goods during the 1st quarter worth about $7,690,000. SG Americas Securities LLC raised its holdings in shares of DICK’S Sporting Goods by 65.5% in the 1st quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock valued at $2,202,000 after buying an additional 3,875 shares during the period. Principal Financial Group Inc. grew its stake in DICK’S Sporting Goods by 5.5% during the 2nd quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock worth $51,446,000 after purchasing an additional 12,396 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of DICK’S Sporting Goods during the first quarter worth $1,670,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DKS has been the subject of several research reports. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Loop Capital lifted their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Wells Fargo & Company reduced their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Finally, Citigroup decreased their target price on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $202.94 on Friday. The firm’s 50 day moving average price is $209.06 and its 200 day moving average price is $210.56. DICK’S Sporting Goods, Inc. has a twelve month low of $110.07 and a twelve month high of $239.30. The firm has a market cap of $16.52 billion, a PE ratio of 14.89, a PEG ratio of 2.22 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 (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 the consensus estimate 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 the consensus estimate of $3.44 billion. During the same quarter in the prior year, the company posted $2.82 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.17%. DICK’S Sporting Goods’s payout ratio is 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.