Mirae Asset Global Investments Co. Ltd. Invests $5.13 Million in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,926 shares of the sporting goods retailer’s stock, valued at approximately $5,132,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $28,000. Blue Trust Inc. grew its holdings in shares of DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 206 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $53,000. Finally, Money Concepts Capital Corp boosted its stake in DICK’S Sporting Goods by 176.8% in the 4th quarter. Money Concepts Capital Corp now owns 562 shares of the sporting goods retailer’s stock valued at $68,000 after buying an additional 359 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 2.3 %

NYSE DKS opened at $198.42 on Tuesday. The stock has a 50-day simple moving average of $191.88 and a 200 day simple moving average of $150.91. The company has a market capitalization of $16.36 billion, a PE ratio of 16.29, a P/E/G ratio of 2.46 and a beta of 1.58. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.93 earnings per share. Research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Wednesday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio is currently 36.12%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DKS. Loop Capital boosted their price target on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Jefferies Financial Group began coverage on DICK’S Sporting Goods in a research note on Friday. They issued a “hold” rating and a $211.00 price target on the stock. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and boosted their price target for the company from $154.00 to $235.00 in a research note on Thursday, March 14th. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, The Goldman Sachs Group lifted their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $208.64.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the transaction, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $223.95, for a total value of $8,995,399.65. Following the completion of the transaction, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Edward W. Stack sold 151,210 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the transaction, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at $2,407,940,372.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is owned by insiders.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.