Coldstream Capital Management Inc. Buys 553 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Coldstream Capital Management Inc. boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 10,271 shares of the sporting goods retailer’s stock after acquiring an additional 553 shares during the quarter. Coldstream Capital Management Inc.’s holdings in DICK’S Sporting Goods were worth $2,143,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in DICK’S Sporting Goods by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock worth $217,169,000 after purchasing an additional 10,640 shares during the period. M&T Bank Corp boosted its position in shares of DICK’S Sporting Goods by 10.0% during the 3rd quarter. M&T Bank Corp now owns 4,076 shares of the sporting goods retailer’s stock valued at $851,000 after acquiring an additional 370 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $288,000. MML Investors Services LLC boosted its position in shares of DICK’S Sporting Goods by 22.8% during the 3rd quarter. MML Investors Services LLC now owns 4,141 shares of the sporting goods retailer’s stock valued at $864,000 after acquiring an additional 768 shares during the last quarter. Finally, Kensington Investment Counsel LLC boosted its position in shares of DICK’S Sporting Goods by 6.1% during the 3rd quarter. Kensington Investment Counsel LLC now owns 3,666 shares of the sporting goods retailer’s stock valued at $765,000 after acquiring an additional 211 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.1 %

Shares of DKS opened at $213.88 on Wednesday. DICK’S Sporting Goods, Inc. has a 52 week low of $136.92 and a 52 week 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 company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.47 and a beta of 1.61. The stock’s 50-day moving average price is $205.70 and its 200-day moving average price is $212.02.

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, beating analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm earned $2.85 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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 given a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Analyst Ratings Changes

A number of analysts have recently issued reports on DKS shares. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Citigroup decreased their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. 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 report on Thursday, September 5th. Finally, Truist Financial lifted their price target 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. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Company 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.