Mirae Asset Global Investments Co. Ltd. Acquires 6,732 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 19.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,658 shares of the sporting goods retailer’s stock after buying an additional 6,732 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.05% of DICK’S Sporting Goods worth $8,538,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in shares of DICK’S Sporting Goods by 4.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock valued at $342,984,000 after buying an additional 94,745 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of 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 valued at $120,102,000 after buying an additional 34,942 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DICK’S Sporting Goods by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after buying an additional 10,091 shares during the last quarter. Norges Bank bought a new position in DICK’S Sporting Goods in the fourth quarter worth approximately $108,908,000. Finally, Charles Schwab Investment Management Inc. grew its stake in DICK’S Sporting Goods by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 402,025 shares of the sporting goods retailer’s stock worth $59,078,000 after purchasing an additional 3,414 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the topic of several research analyst reports. Loop Capital increased their price objective on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a research note on Monday, March 18th. DA Davidson increased their price objective on DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Jefferies Financial Group initiated coverage on DICK’S Sporting Goods in a research note on Friday, April 12th. They issued a “hold” rating and a $211.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Finally, Bank of America raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $240.00 in a research note on Wednesday, May 29th. Eleven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $237.09.

Read Our Latest Research Report on DKS

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $201.08 on Tuesday. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $234.47. The stock has a fifty day moving average price of $208.73 and a 200-day moving average price of $188.19. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The firm has a market cap of $16.39 billion, a PE ratio of 16.65, a P/E/G ratio of 2.21 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $3.40 EPS. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $1.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a yield of 2.19%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 4,910 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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.