DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Amundi

by · The Cerbat Gem

Amundi grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 377,660 shares of the sporting goods retailer’s stock after purchasing an additional 11,249 shares during the quarter. Amundi owned approximately 0.46% of DICK’S Sporting Goods worth $86,870,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DKS. Assetmark Inc. raised its stake in shares of DICK’S Sporting Goods by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer’s stock valued at $382,000 after purchasing an additional 314 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of DICK’S Sporting Goods by 253.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 612 shares of the sporting goods retailer’s stock valued at $128,000 after buying an additional 439 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of DICK’S Sporting Goods by 12.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 143,056 shares of the sporting goods retailer’s stock valued at $29,856,000 after buying an additional 15,591 shares during the last quarter. Proactive Wealth Strategies LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $258,000. Finally, Victory Capital Management Inc. grew its position in shares of DICK’S Sporting Goods by 99.1% during the 3rd quarter. Victory Capital Management Inc. now owns 124,119 shares of the sporting goods retailer’s stock valued at $25,904,000 after buying an additional 61,767 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 5.6 %

DICK’S Sporting Goods stock opened at $199.20 on Wednesday. The firm has a 50 day simple moving average of $230.77 and a 200-day simple moving average of $218.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market capitalization of $16.23 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 12-month low of $180.80 and a 12-month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.15. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.76 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the firm posted $3.85 earnings per share. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $1.2125 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.43%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DKS shares. TD Cowen boosted 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 report on Wednesday, January 8th. Truist Financial boosted 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 report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, March 6th. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

Get Our Latest Report on DKS

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred 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 $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % 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 over the last ninety days. Insiders own 32.03% of the company’s stock.

About DICK’S Sporting Goods

(Free Report)

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.

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