Siemens Fonds Invest GmbH Makes New $3.38 Million Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Siemens Fonds Invest GmbH purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,788 shares of the sporting goods retailer’s stock, valued at approximately $3,384,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $1,893,210,000. Norges Bank bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $221,693,000. Wellington Management Group LLP bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $125,285,000. Junto Capital Management LP acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $89,351,000. Finally, KBC Group NV boosted its stake in shares of DICK’S Sporting Goods by 86.8% during the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock worth $107,043,000 after acquiring an additional 217,390 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $178.81 on Friday. The firm’s 50 day simple moving average is $192.32 and its 200 day simple moving average is $211.44. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 2.47 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $3.85 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a dividend yield of 2.71%. DICK’S Sporting Goods’s payout ratio is 34.54%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DKS. Stifel Nicolaus decreased their target price on DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. StockNews.com upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Friday, May 9th. DA Davidson cut their target price on shares of DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. TD Cowen downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 target price for the company. in a report on Thursday. Finally, Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.44.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.