Capricorn Fund Managers Ltd Makes New Investment in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Capricorn Fund Managers Ltd acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,011 shares of the sporting goods retailer's stock, valued at approximately $3,942,000. DICK'S Sporting Goods accounts for 1.8% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of DICK'S Sporting Goods by 50.3% in the second quarter. Envestnet Asset Management Inc. now owns 103,200 shares of the sporting goods retailer's stock valued at $22,173,000 after purchasing an additional 34,532 shares during the period. Mercer Global Advisors Inc. ADV raised its position in DICK'S Sporting Goods by 57.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,126 shares of the sporting goods retailer's stock worth $1,961,000 after buying an additional 3,322 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of DICK'S Sporting Goods by 11.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,969 shares of the sporting goods retailer's stock worth $1,282,000 after acquiring an additional 635 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of DICK'S Sporting Goods by 13.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,464 shares of the sporting goods retailer's stock worth $315,000 after acquiring an additional 168 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of DICK'S Sporting Goods by 71.8% in the second quarter. Sei Investments Co. now owns 45,917 shares of the sporting goods retailer's stock valued at $9,864,000 after acquiring an additional 19,191 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

Shares of DKS traded up $6.00 during trading hours on Tuesday, reaching $234.03. 901,475 shares of the company traded hands, compared to its average volume of 1,033,046. The stock has a market capitalization of $19.07 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.60 and a beta of 1.58. The stock has a fifty day simple moving average of $218.26 and a 200 day simple moving average of $213.83. DICK'S Sporting Goods, Inc. has a fifty-two week low of $146.86 and a fifty-two week high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) 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. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 earnings per share. As a group, research 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 declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is presently 31.45%.

Insiders Place Their Bets

In other news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DKS. Truist Financial raised 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 raised their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Wedbush reissued 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. Finally, Loop Capital upped their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $246.57.

About DICK'S Sporting Goods

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.