Kingfisher Capital LLC Has $5.19 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Kingfisher Capital LLC lowered its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,889 shares of the sporting goods retailer’s stock after selling 1,209 shares during the quarter. DICK’S Sporting Goods makes up approximately 1.2% of Kingfisher Capital LLC’s investment portfolio, making the stock its 25th largest position. Kingfisher Capital LLC’s holdings in DICK’S Sporting Goods were worth $5,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of DICK’S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after purchasing an additional 57,672 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after buying an additional 375,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in DICK’S Sporting Goods by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after buying an additional 102,609 shares during the last quarter. Bank of New York Mellon Corp raised its position in DICK’S Sporting Goods by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer’s stock worth $164,341,000 after acquiring an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in DICK’S Sporting Goods by 40.2% in the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after acquiring an additional 156,227 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DKS shares. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen boosted their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Bank of America raised their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Stock Up 0.7 %

NYSE DKS opened at $213.66 on Friday. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.43 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 1-year low of $120.39 and a 1-year high of $239.30. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $205.79 and a 200-day moving average of $210.66.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.85 EPS. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. DICK’S Sporting Goods’s payout ratio is 31.45%.

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.