Paloma Partners Management Co trimmed its position in Dicks Sporting Goods Inc (NYSE:DKS) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,682 shares of the sporting goods retailer’s stock after selling 4,914 shares during the period. Paloma Partners Management Co owned approximately 0.07% of Dicks Sporting Goods worth $2,231,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in Dicks Sporting Goods during the fourth quarter worth about $122,000. Toronto Dominion Bank raised its holdings in Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after acquiring an additional 2,927 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Dicks Sporting Goods during the third quarter worth about $132,000. Delpha Capital Management LLC bought a new stake in Dicks Sporting Goods during the fourth quarter worth about $132,000. Finally, State of Alaska Department of Revenue bought a new stake in Dicks Sporting Goods during the fourth quarter worth about $188,000. Institutional investors own 71.27% of the company’s stock.
DKS has been the topic of a number of recent analyst reports. Credit Suisse Group lowered their price target on Dicks Sporting Goods from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. UBS Group raised Dicks Sporting Goods from a “neutral” rating to a “positive” rating in a research report on Tuesday, January 23rd. Cowen reissued a “hold” rating and set a $26.00 price target on shares of Dicks Sporting Goods in a research report on Friday, November 17th. Susquehanna Bancshares raised Dicks Sporting Goods from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $25.00 to $41.00 in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research raised Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.96.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.02. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company earned $1.32 EPS. Dicks Sporting Goods’s revenue was up 6.5% compared to the same quarter last year. equities analysts anticipate that Dicks Sporting Goods Inc will post 3 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.74%. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, March 8th. Dicks Sporting Goods’s dividend payout ratio is presently 33.21%.
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About Dicks Sporting Goods
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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