Daiwa Securities Group Inc. Purchases 200 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Daiwa Securities Group Inc. lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,100 shares of the sporting goods retailer’s stock after buying an additional 200 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DICK’S Sporting Goods were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in DICK’S Sporting Goods by 9,735.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock worth $243,140,000 after buying an additional 2,216,506 shares during the period. Pacer Advisors Inc. increased its position in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after acquiring an additional 34,942 shares during the period. AQR Capital Management LLC raised its stake in DICK’S Sporting Goods by 145.0% in the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after purchasing an additional 467,243 shares in the last quarter. Barclays PLC boosted its holdings in DICK’S Sporting Goods by 148.3% in the 3rd quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock valued at $64,388,000 after purchasing an additional 354,217 shares during the period. Finally, Northern Trust Corp grew its position in shares of DICK’S Sporting Goods by 4.4% during the 3rd quarter. Northern Trust Corp now owns 552,639 shares of the sporting goods retailer’s stock worth $60,006,000 after purchasing an additional 23,258 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DKS has been the subject of a number of analyst reports. DA Davidson lifted their price target on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, March 15th. 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 research report on Friday, March 15th. Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $160.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, March 11th. TD Cowen upped their price objective on shares of DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Hold” and an average price target of $208.64.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $204.21 on Friday. The business has a 50-day simple moving average of $197.75 and a two-hundred day simple moving average of $155.56. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $225.79. The stock has a market cap of $16.84 billion, a PE ratio of 16.77, a PEG ratio of 2.50 and a beta of 1.58. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.50. The company 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.93 earnings per share. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s payout ratio is 36.12%.

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s 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 transaction, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Navdeep Gupta sold 16,211 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $222.00, for a total value of $3,598,842.00. Following the sale, the chief financial officer now directly owns 87,628 shares in the company, valued at $19,453,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock valued at $46,483,438 over the last 90 days. 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 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.