Eurizon Capital SGR S.p.A. acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,923 shares of the sporting goods retailer’s stock, valued at approximately $777,000.
A number of other institutional investors have also added to or reduced their stakes in DKS. Principal Financial Group Inc. increased its stake in DICK’S Sporting Goods by 44.1% in the 3rd quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock worth $71,525,000 after acquiring an additional 98,557 shares during the last quarter. Angelo Gordon & CO. L.P. bought a new position in DICK’S Sporting Goods in the 3rd quarter worth about $8,640,000. National Pension Service increased its stake in DICK’S Sporting Goods by 28.3% in the 3rd quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock worth $5,951,000 after acquiring an additional 5,914 shares during the last quarter. American Century Companies Inc. increased its stake in DICK’S Sporting Goods by 139.4% in the 3rd quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock worth $91,702,000 after acquiring an additional 240,272 shares during the last quarter. Finally, Alps Advisors Inc. increased its stake in DICK’S Sporting Goods by 38.5% in the 3rd quarter. Alps Advisors Inc. now owns 27,221 shares of the sporting goods retailer’s stock worth $6,049,000 after acquiring an additional 7,570 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.
DICK’S Sporting Goods Price Performance
Shares of DICK’S Sporting Goods stock opened at $224.66 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $20.00 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.19. The business’s 50-day moving average price is $215.28 and its 200-day moving average price is $209.73. DICK’S Sporting Goods, Inc. has a 12 month low of $170.73 and a 12 month high of $237.75.
DICK’S Sporting Goods Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.
Insider Activity
In related news, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the transaction, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.91% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Barclays upped their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Morgan Stanley upped their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. DA Davidson restated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Telsey Advisory Group increased their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.89.
Check Out Our Latest Stock Report on DKS
DICK’S Sporting Goods Company Profile
DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.
The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.
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