Centric Wealth Management Reduces Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Centric Wealth Management reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.4% during the third quarter, HoldingsChannel.com reports. The firm owned 14,722 shares of the sporting goods retailer’s stock after selling 1,000 shares during the period. Centric Wealth Management’s holdings in DICK’S Sporting Goods were worth $2,873,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings 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 valued at $51,446,000 after buying an additional 12,396 shares in the last quarter. Swedbank AB bought a new stake in DICK’S Sporting Goods during the 1st quarter valued at $1,670,000. Kerusso Capital Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth $1,554,000. &PARTNERS bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $309,000. Finally, National Pension Service purchased a new position in shares of DICK’S Sporting Goods during the third quarter valued at $4,195,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted 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 note on Monday, September 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday. Loop Capital raised their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday. DA Davidson reiterated a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Evercore ISI reiterated an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $213.66 on Friday. The company has a fifty day moving average of $205.79 and a two-hundred day moving average of $210.66. The company has a market capitalization of $17.39 billion, a PE ratio of 15.27, a P/E/G ratio of 2.43 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1 year low of $120.39 and a 1 year high of $239.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last issued 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 for 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 firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 earnings per share. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 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.