DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,960 shares of the sporting goods retailer’s stock after buying an additional 2,606 shares during the quarter. Vontobel Holding Ltd.’s holdings in DICK’S Sporting Goods were worth $2,051,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC increased its holdings in DICK’S Sporting Goods by 4.8% in the first quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after buying an additional 79 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in DICK’S Sporting Goods by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock valued at $2,098,000 after buying an additional 79 shares during the last quarter. Cetera Advisors LLC increased its holdings in DICK’S Sporting Goods by 3.2% in the fourth quarter. Cetera Advisors LLC now owns 3,197 shares of the sporting goods retailer’s stock valued at $385,000 after buying an additional 99 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its holdings in DICK’S Sporting Goods by 1.2% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 8,546 shares of the sporting goods retailer’s stock valued at $928,000 after buying an additional 100 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of DICK’S Sporting Goods by 10.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,038 shares of the sporting goods retailer’s stock valued at $125,000 after purchasing an additional 100 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DKS has been the subject of several recent research reports. Stifel Nicolaus upped their target price on DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a report on Friday, March 15th. UBS Group upped their target price on DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Barclays upped their target price on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Gordon Haskett upped their target price on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Truist Financial upped their target price on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Hold” and a consensus price target of $208.64.

Insider Activity

In other news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,763 shares of company stock worth $46,483,438. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS opened at $195.18 on Friday. The company has a market capitalization of $16.09 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.41 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $225.79. The business has a 50 day moving average price of $194.19 and a two-hundred day moving average price of $152.16.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the firm posted $2.93 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.25%. 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 36.12%.

About DICK’S Sporting Goods

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.