Carolina Wealth Advisors LLC Cuts Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Carolina Wealth Advisors LLC lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,719 shares of the sporting goods retailer’s stock after selling 1,798 shares during the quarter. DICK’S Sporting Goods accounts for approximately 4.0% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 4th largest position. Carolina Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $7,872,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DKS. Renaissance Technologies LLC boosted its position in shares of DICK’S Sporting Goods by 51.4% during 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 during the last quarter. Vanguard Group Inc. boosted its holdings in DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after acquiring an additional 166,687 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of DICK’S Sporting Goods by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock worth $117,103,000 after acquiring an additional 156,227 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of DICK’S Sporting Goods by 65.9% in the second quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer’s stock valued at $59,801,000 after purchasing an additional 110,570 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 valued at $167,683,000 after purchasing an additional 102,609 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Wells Fargo & Company cut their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Loop Capital raised their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Telsey Advisory Group increased their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Price Performance

NYSE DKS traded down $4.84 during trading hours on Monday, hitting $213.82. The company had a trading volume of 256,340 shares, compared to its average volume of 1,087,843. The firm has a 50 day simple moving average of $216.97 and a 200 day simple moving average of $210.71. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.31 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm posted $2.82 EPS. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is 36.42%.

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.