Dick's Sporting Goods, Inc. (DKS)
Mitsubishi UFJ Asset Management Co. Ltd. Trims Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)
Mitsubishi UFJ Asset Management Co. Ltd. lowered its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,664 shares of the sporting goods retailer’s stock after selling 563 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in DICK’S Sporting Goods were worth $4,119,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of DICK’S Sporting Goods by 4.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after buying an additional 94,745 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of DICK’S Sporting Goods by 4.5% in the 4th quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after purchasing an additional 34,942 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of DICK’S Sporting Goods by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after purchasing an additional 10,091 shares during the period. AQR Capital Management LLC raised its stake in shares of DICK’S Sporting Goods by 145.0% during the third quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock worth $85,722,000 after purchasing an additional 467,243 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of DICK’S Sporting Goods by 148.3% during the third quarter. Barclays PLC now owns 592,991 shares of the sporting goods retailer’s stock worth $64,388,000 after purchasing an additional 354,217 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In DKS has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. UBS Group boosted their price target on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. TD Cowen increased their price target on shares of DICK’S Sporting Goods from $177.00 to $226.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Telsey Advisory Group lifted their price objective on DICK’S Sporting Goods from $160.00 to $195.00 and gave the company an “outperform” rating in a report on Monday, March 11th. Finally, The Goldman Sachs Group increased their target price on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Hold” and a consensus price target of $208.27. Read Our Latest Stock Report on DICK’S Sporting Goods DICK’S Sporting Goods Stock Down 1.2 % Shares of DICK’S Sporting Goods stock opened at $194.54 on Monday. The company has a fifty day moving average price of $205.61 and a 200 day moving average price of $166.70. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. DICK’S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $225.79. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.36 and a beta of 1.61. DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.93 earnings per share. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.27 earnings per share for the current fiscal year. DICK’S Sporting Goods Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Wednesday, March 27th. DICK’S Sporting Goods’s payout ratio is presently 36.12%. Insider Activity In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the purchase, the insider now directly owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Elizabeth H. Baran sold 2,175 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at $2,450,890.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the purchase, the insider now owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. Over the last three months, insiders sold 209,763 shares of company stock worth $46,483,438. 32.03% of the stock is currently owned by company insiders. About DICK’S Sporting Goods (Free Report) DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.
Will Dick's (DKS) Beat Estimates Again in Its Next Earnings Report?
Dick's (DKS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
