KBC Group NV raised its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 86.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 467,764 shares of the sporting goods retailer's stock after acquiring an additional 217,390 shares during the quarter. KBC Group NV owned approximately 0.57% of DICK'S Sporting Goods worth $107,043,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of DICK'S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock valued at $473,945,000 after acquiring an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. grew its stake in DICK'S Sporting Goods by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock valued at $373,327,000 after acquiring an additional 57,672 shares during the period. Geode Capital Management LLC increased its stake in DICK'S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock worth $217,169,000 after purchasing an additional 10,640 shares in the last quarter. Holocene Advisors LP bought a new stake in DICK'S Sporting Goods in the 3rd quarter valued at $70,562,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of DICK'S Sporting Goods by 17.5% in the second quarter. The Manufacturers Life Insurance Company now owns 285,923 shares of the sporting goods retailer's stock valued at $61,431,000 after purchasing an additional 42,556 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.
In other news, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 in the last quarter. 32.03% of the stock is currently owned by company insiders.
DKS stock opened at $250.09 on Monday. DICK'S Sporting Goods, Inc. has a fifty-two week low of $148.95 and a fifty-two week high of $254.60. The stock's 50 day simple moving average is $221.74 and its 200 day simple moving average is $214.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market cap of $20.37 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 EPS. On average, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.76%. DICK'S Sporting Goods's payout ratio is presently 31.45%.
Several equities analysts have recently weighed in on the company. Loop Capital raised their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. TD Cowen lifted their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 price target on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Finally, Wedbush restated a "neutral" rating and issued a $215.00 target price (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus price target of $246.57.
Get Our Latest Stock Report on DICK'S Sporting Goods
Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.
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