KBC Group NV Increases Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

KBC Group NV grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 86.8% in the 4th quarter, Holdings Channel reports. The firm owned 467,764 shares of the sporting goods retailer’s stock after purchasing an additional 217,390 shares during the period. KBC Group NV’s holdings in DICK’S Sporting Goods were worth $107,043,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of DICK’S Sporting Goods by 1.2% in the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock valued at $473,945,000 after purchasing an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of DICK’S Sporting Goods by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after acquiring an additional 57,672 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after purchasing an additional 10,640 shares during the last quarter. Holocene Advisors LP purchased a new stake in DICK’S Sporting Goods during the 3rd quarter valued at about $70,562,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of DICK’S Sporting Goods by 17.5% during 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 buying an additional 42,556 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Up 1.8 %

Shares of DICK’S Sporting Goods stock opened at $250.09 on Monday. DICK’S Sporting Goods, Inc. has a 52-week low of $148.95 and a 52-week high of $254.60. The firm’s 50 day moving average price is $221.74 and its 200-day moving average price is $214.99. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market cap of $20.37 billion, a P/E ratio of 17.88, a PEG ratio of 2.69 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the firm posted $2.85 EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DKS. Morgan Stanley raised their price target on 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. Truist Financial lifted their target price on 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. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, Wedbush reiterated a “neutral” rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.57.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred 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 owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock worth $39,655,456 over the last 90 days. 32.03% of the stock is currently owned by company insiders.

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.