Jacobs Levy Equity Management Inc. Has $7.54 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 74.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,135 shares of the sporting goods retailer’s stock after selling 104,214 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in DICK’S Sporting Goods were worth $7,541,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DKS. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods during the third quarter worth approximately $27,000. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at $28,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $30,000. ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods in the third quarter worth $30,000. Finally, Innealta Capital LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at about $31,000. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $208.68 on Friday. The business has a 50-day moving average of $205.43 and a 200-day moving average of $211.15. 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 company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61. DICK’S Sporting Goods, Inc. has a 1 year low of $136.44 and a 1 year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the business earned $2.85 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current 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. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.11%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Wedbush restated a “neutral” rating and set a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Bank of America upped their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Loop Capital lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, Citigroup dropped their price objective 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

About DICK’S Sporting Goods

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.