Stifel Financial Corp Sells 996 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Stifel Financial Corp cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,791 shares of the sporting goods retailer’s stock after selling 996 shares during the quarter. Stifel Financial Corp’s holdings in DICK’S Sporting Goods were worth $1,835,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in DICK’S Sporting Goods during the third quarter worth about $27,000. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $28,000. ORG Wealth Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $30,000. Innealta Capital LLC acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $31,000. Finally, True Wealth Design LLC boosted its position in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $218.76 on Friday. The stock has a fifty day moving average of $207.76 and a 200-day moving average of $212.43. The stock has a market capitalization of $17.82 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. 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 posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.85 earnings per share. On average, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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 paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, December 13th. DICK’S Sporting Goods’s payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DKS. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Citigroup reduced their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Truist Financial increased their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods 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.