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

Stifel Financial Corp decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Quantinno Capital Management LP raised its position in shares of DICK’S Sporting Goods by 80.2% during the third quarter. Quantinno Capital Management LP now owns 41,648 shares of the sporting goods retailer’s stock worth $8,692,000 after acquiring an additional 18,542 shares during the last quarter. Quarry LP raised its holdings in DICK’S Sporting Goods by 174.4% during the 3rd quarter. Quarry LP now owns 494 shares of the sporting goods retailer’s stock worth $103,000 after purchasing an additional 314 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of DICK’S Sporting Goods by 9.7% in the 3rd quarter. Janus Henderson Group PLC now owns 10,046 shares of the sporting goods retailer’s stock worth $2,096,000 after purchasing an additional 891 shares during the period. Hilltop Holdings Inc. boosted its stake in shares of DICK’S Sporting Goods by 43.1% in the 3rd quarter. Hilltop Holdings Inc. now owns 2,784 shares of the sporting goods retailer’s stock valued at $581,000 after purchasing an additional 838 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in DICK’S Sporting Goods during the third quarter worth $70,562,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on DKS shares. Wedbush restated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. TD Cowen lifted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Barclays upped their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Truist Financial raised their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.95.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $218.76 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $137.06 and a twelve month high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $207.76 and its two-hundred day simple moving average is $212.43. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 2.52 and a beta of 1.61.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly 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 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%. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 EPS. Analysts predict 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. Shareholders of record on Friday, December 13th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a 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%.

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.