Swiss National Bank Sells 9,500 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Swiss National Bank cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 192,100 shares of the sporting goods retailer’s stock after selling 9,500 shares during the period. Swiss National Bank’s holdings in DICK’S Sporting Goods were worth $28,229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after acquiring an additional 140 shares during the last quarter. Blue Trust Inc. lifted its holdings in 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 buying an additional 206 shares during the period. Capital Analysts LLC increased its stake in shares of DICK’S Sporting Goods by 132.5% in the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after buying an additional 257 shares during the period. Allworth Financial LP raised its position in shares of DICK’S Sporting Goods by 2,505.3% during the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after acquiring an additional 476 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of DICK’S Sporting Goods by 36.0% in the third quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock worth $75,000 after acquiring an additional 182 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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 report on Friday, March 15th. UBS Group boosted their price target on DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Telsey Advisory Group lifted their price objective on shares of DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, March 11th. Robert W. Baird raised their price target on shares of DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Finally, Gordon Haskett upped their price objective on shares of DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, April 8th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $208.64.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $196.15 on Thursday. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $225.79. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The stock has a market cap of $16.17 billion, a P/E ratio of 16.10, a PEG ratio of 2.46 and a beta of 1.61. The business’s 50-day moving average price is $203.26 and its two-hundred day moving average price is $161.79.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the company earned $2.93 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $1.10 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.12%.

Insider Activity

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the purchase, the insider now directly owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 three months, insiders have sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is currently owned by insiders.

DICK’S Sporting Goods 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.