Gotham Asset Management LLC Has $1.92 Million Holdings in Dicks Sporting Goods Inc (DKS)
Gotham Asset Management LLC cut its position in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 53.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,421 shares of the sporting goods retailer’s stock after selling 71,380 shares during the quarter. Gotham Asset Management LLC’s holdings in Dicks Sporting Goods were worth $1,916,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Paloma Partners Management Co lifted its stake in Dicks Sporting Goods by 48.3% during the fourth quarter. Paloma Partners Management Co now owns 18,469 shares of the sporting goods retailer’s stock valued at $576,000 after buying an additional 6,012 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Dicks Sporting Goods by 128.1% during the fourth quarter. Two Sigma Advisers LP now owns 323,200 shares of the sporting goods retailer’s stock valued at $10,084,000 after buying an additional 181,533 shares in the last quarter. Coatue Management LLC lifted its stake in Dicks Sporting Goods by 45.2% during the fourth quarter. Coatue Management LLC now owns 23,833 shares of the sporting goods retailer’s stock valued at $744,000 after buying an additional 7,418 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Dicks Sporting Goods by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 849,177 shares of the sporting goods retailer’s stock valued at $26,495,000 after buying an additional 11,114 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its stake in Dicks Sporting Goods by 3.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 258,468 shares of the sporting goods retailer’s stock valued at $8,065,000 after buying an additional 9,140 shares in the last quarter. 83.12% of the stock is owned by institutional investors.
A number of analysts have commented on DKS shares. Citigroup lowered shares of Dicks Sporting Goods from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Monday, December 3rd. JPMorgan Chase & Co. downgraded Dicks Sporting Goods from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $41.00 in a report on Thursday, November 29th. Argus upped their target price on Dicks Sporting Goods from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, December 11th. Canaccord Genuity set a $54.00 target price on Dicks Sporting Goods and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.95.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, March 12th. The sporting goods retailer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that Dicks Sporting Goods Inc will post 3.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.275 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.02%. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.23. Dicks Sporting Goods’s dividend payout ratio is currently 33.95%.
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About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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