Nomura Holdings Inc. Has $1.76 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Nomura Holdings Inc. boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 52.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,675 shares of the sporting goods retailer’s stock after buying an additional 2,629 shares during the period. Nomura Holdings Inc.’s holdings in DICK’S Sporting Goods were worth $1,756,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $1,893,210,000. Charles Schwab Investment Management Inc. boosted its position in DICK’S Sporting Goods by 4.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer’s stock worth $427,056,000 after buying an additional 77,357 shares during the period. Geode Capital Management LLC boosted its position in DICK’S Sporting Goods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer’s stock worth $241,660,000 after buying an additional 15,011 shares during the period. Norges Bank acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $221,693,000. Finally, Dimensional Fund Advisors LP boosted its position in DICK’S Sporting Goods by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer’s stock worth $201,768,000 after buying an additional 86,064 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Up 2.8%

NYSE DKS opened at $184.01 on Friday. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.47 and a beta of 1.16. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The business’s fifty day moving average is $192.01 and its 200-day moving average is $211.39.

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

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.64%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is presently 34.54%.

DICK’S Sporting Goods declared that its board has initiated a share repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DKS shares. Citigroup restated a “neutral” rating and set a $220.00 price objective (down from $230.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Wedbush reissued a “neutral” rating and set a $215.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Stifel Nicolaus lowered their price objective on shares of DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. StockNews.com upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Gordon Haskett lowered shares of DICK’S Sporting Goods from a “buy” rating to a “reduce” rating and set a $170.00 price objective for the company. in a research note on Friday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Hold” and a consensus target price of $229.79.

DICK’S Sporting Goods Company Profile

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.