Mirae Asset Global Investments Co. Ltd. Buys New Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Mirae Asset Global Investments Co. Ltd. bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,926 shares of the sporting goods retailer’s stock, valued at approximately $5,132,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of DICK’S Sporting Goods by 12.1% during the 1st quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer’s stock valued at $849,043,000 after acquiring an additional 644,609 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 valued at $243,140,000 after acquiring an additional 2,216,506 shares during the last quarter. State Street Corp increased its stake in shares of DICK’S Sporting Goods by 17.1% during the 2nd quarter. State Street Corp now owns 1,981,489 shares of the sporting goods retailer’s stock valued at $261,933,000 after acquiring an additional 289,165 shares during the last quarter. Morgan Stanley increased its stake in shares of DICK’S Sporting Goods by 25.8% during the 3rd quarter. Morgan Stanley now owns 1,399,734 shares of the sporting goods retailer’s stock valued at $151,983,000 after acquiring an additional 286,988 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of DICK’S Sporting Goods by 4.5% during the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after acquiring an additional 34,942 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, the chief executive officer now directly owns 280,136 shares in the company, valued at $62,736,457.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 280,136 shares of the company’s stock, valued at $62,736,457.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the transaction, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 over the last ninety days. 30.79% of the stock is owned by insiders.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $198.42 on Tuesday. The stock has a market cap of $16.36 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.46 and a beta of 1.58. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average of $191.88 and a 200-day moving average of $150.91. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business posted $2.93 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect that DICK’S Sporting Goods, Inc. will post 13.29 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. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a yield of 2.22%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. TD Cowen increased their target price 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. Telsey Advisory Group increased their target price on shares of 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. Wells Fargo & Company upped their price target on DICK’S Sporting Goods from $175.00 to $210.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Finally, Barclays upped their price target on DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $208.64.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.