DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Position Raised by Amundi

Amundi lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.1% in the 4th quarter, Holdings Channel reports. The fund owned 377,660 shares of the sporting goods retailer’s stock after buying an additional 11,249 shares during the period. Amundi’s holdings in DICK’S Sporting Goods were worth $86,870,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DKS. Holocene Advisors LP purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $70,562,000. KBC Group NV lifted its position in shares of DICK’S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after acquiring an additional 225,015 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in DICK’S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock valued at $41,740,000 after buying an additional 189,000 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $32,093,000. Finally, World Investment Advisors LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $29,991,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DKS. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, March 6th. Truist Financial upped their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. TD Cowen upped their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Argus upped their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, March 7th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock valued at $39,655,456 in the last ninety days. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $199.20 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $230.77 and a 200 day simple moving average of $218.94. The company has a market cap of $16.23 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 1 year low of $180.80 and a 1 year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.85 EPS. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $1.2125 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a yield of 2.43%. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

DICK’S Sporting Goods announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

About 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.