Kingsview Wealth Management LLC Has $825,000 Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Kingsview Wealth Management LLC lessened its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 73.1% in the third quarter, Holdings Channel.com reports. The firm owned 3,952 shares of the sporting goods retailer’s stock after selling 10,766 shares during the period. Kingsview Wealth Management LLC’s holdings in DICK’S Sporting Goods were worth $825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DKS. Principal Financial Group Inc. boosted its holdings in DICK’S Sporting Goods by 5.5% during the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer’s stock worth $51,446,000 after purchasing an additional 12,396 shares during the last quarter. Swedbank AB acquired a new position in shares of DICK’S Sporting Goods during the 1st quarter worth about $1,670,000. Kerusso Capital Management LLC bought a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $1,554,000. &PARTNERS acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $309,000. Finally, National Pension Service bought a new stake in DICK’S Sporting Goods during the third quarter worth about $4,195,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $213.70 on Thursday. DICK’S Sporting Goods, Inc. has a 52 week low of $120.39 and a 52 week high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The firm’s 50-day simple moving average is $205.76 and its 200 day simple moving average is $210.64. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS 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 analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. As a group, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given 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 dividend yield of 2.06%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DKS. Wedbush restated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Bank of America upped 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. Loop Capital lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Truist Financial upped their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target 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.