Nomura Asset Management Co. Ltd. reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,992 shares of the sporting goods retailer’s stock after selling 3,773 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in DICK’S Sporting Goods were worth $4,354,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after purchasing an additional 1,015,599 shares during the period. Wellington Management Group LLP increased its stake in DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after purchasing an additional 3,013,850 shares during the period. Bank of America Corp DE increased its stake in DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after purchasing an additional 3,030,642 shares during the period. State Street Corp increased its stake in DICK’S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after purchasing an additional 391,694 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in DICK’S Sporting Goods by 58.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after purchasing an additional 523,809 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.
DICK’S Sporting Goods Price Performance
DKS opened at $217.95 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK’S Sporting Goods, Inc. has a 52-week low of $170.73 and a 52-week high of $237.75. The stock has a market capitalization of $19.41 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.96 and a beta of 1.19. The stock’s 50 day moving average price is $215.76 and its 200-day moving average price is $209.74.
DICK’S Sporting Goods Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. DICK’S Sporting Goods’s payout ratio is currently 47.53%.
Insider Activity at DICK’S Sporting Goods
In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares in the company, valued at $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the sale, the chairman owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.91% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on DKS shares. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. Barclays boosted their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group boosted their target price on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $253.89.
Check Out Our Latest Stock Analysis on DKS
About DICK’S Sporting Goods
DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.
The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.
Featured Articles
- Five stocks we like better than DICK’S Sporting Goods
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report).
Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.
