Integrated Wealth Concepts LLC Sells 91 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Integrated Wealth Concepts LLC trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,197 shares of the sporting goods retailer’s stock after selling 91 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in DICK’S Sporting Goods were worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DKS. Wealth Enhancement Advisory Services LLC lifted its position in shares of DICK’S Sporting Goods by 8.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,119 shares of the sporting goods retailer’s stock worth $1,744,000 after purchasing an additional 620 shares in the last quarter. ORG Partners LLC bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at $30,000. Envestnet Portfolio Solutions Inc. boosted its position in DICK’S Sporting Goods by 51.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,634 shares of the sporting goods retailer’s stock valued at $1,210,000 after buying an additional 1,911 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of DICK’S Sporting Goods by 87.9% during the second quarter. Assenagon Asset Management S.A. now owns 2,756 shares of the sporting goods retailer’s stock worth $592,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of DICK’S Sporting Goods by 435.0% during the second quarter. Blue Trust Inc. now owns 321 shares of the sporting goods retailer’s stock valued at $72,000 after acquiring an additional 261 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $223.39 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 2.52 and a beta of 1.61. The business has a 50 day simple moving average of $206.41 and a 200 day simple moving average of $212.36. DICK’S Sporting Goods, Inc. has a 52-week low of $137.06 and a 52-week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate 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 was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.85 earnings per share. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.97%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Analysts Set New Price Targets

A number of brokerages recently commented on DKS. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Bank of America lifted their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Truist Financial increased their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.