MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $2.74 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,819 shares of the sporting goods retailer's stock after selling 13,438 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in DICK'S Sporting Goods were worth $2,739,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Montecito Bank & Trust boosted its holdings in shares of DICK'S Sporting Goods by 28.1% during the fourth quarter. Montecito Bank & Trust now owns 1,780 shares of the sporting goods retailer's stock valued at $407,000 after acquiring an additional 390 shares during the period. Whalen Wealth Management Inc. acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth about $271,000. Wendell David Associates Inc. lifted its holdings in DICK'S Sporting Goods by 63.1% in the fourth quarter. Wendell David Associates Inc. now owns 7,833 shares of the sporting goods retailer's stock worth $1,793,000 after purchasing an additional 3,030 shares during the period. Janney Montgomery Scott LLC lifted its holdings in DICK'S Sporting Goods by 8.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,330 shares of the sporting goods retailer's stock worth $4,195,000 after purchasing an additional 1,353 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its holdings in DICK'S Sporting Goods by 2.0% in the fourth quarter. Beaumont Financial Advisors LLC now owns 56,637 shares of the sporting goods retailer's stock worth $12,961,000 after purchasing an additional 1,130 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Insiders Place Their Bets

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now 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 172,933 shares of company stock valued at $39,655,456 over the last 90 days. 32.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DKS. Loop Capital upped their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Truist Financial boosted their price target on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Wedbush reiterated a "neutral" rating and issued a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group restated an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Finally, UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average target price of $246.57.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $3.25 during trading hours on Friday, reaching $248.96. 1,177,712 shares of the company were exchanged, compared to its average volume of 1,087,181. The firm has a market cap of $20.28 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.69 and a beta of 1.58. 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 stock has a 50-day moving average of $220.70 and a 200 day moving average of $214.45. DICK'S Sporting Goods, Inc. has a 12 month low of $148.95 and a 12 month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.85 earnings per share. As a group, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.77%. DICK'S Sporting Goods's payout ratio is currently 31.45%.

DICK'S Sporting Goods Profile

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.