ING Groep NV Buys Shares of 25,300 DICK'S Sporting Goods, Inc. (NYSE:DKS)

ING Groep NV bought a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 25,300 shares of the sporting goods retailer's stock, valued at approximately $5,790,000.

Several other large investors have also recently bought and sold shares of DKS. State Street Corp raised its position in shares of DICK'S Sporting Goods by 1.2% in the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock worth $473,945,000 after buying an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of DICK'S Sporting Goods by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after acquiring an additional 10,640 shares in the last quarter. KBC Group NV raised its holdings in shares of DICK'S Sporting Goods by 86.8% in the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock valued at $107,043,000 after acquiring an additional 217,390 shares in the last quarter. Finally, Holocene Advisors LP bought a new stake in shares of DICK'S Sporting Goods during the 3rd quarter valued at about $70,562,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DKS shares. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the company from $225.00 to $260.00 in a research note 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 research report on Tuesday, November 26th. Morgan Stanley lifted their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Truist Financial increased 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. Finally, TD Cowen lifted their price target on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.09.

DICK'S Sporting Goods Trading Down 2.9 %

Shares of DKS stock traded down $6.80 during mid-day trading on Friday, reaching $224.70. The stock had a trading volume of 1,175,056 shares, compared to its average volume of 899,847. The firm has a market capitalization of $18.31 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The stock's 50-day moving average price is $232.99 and its two-hundred day moving average price is $219.15. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 52-week low of $165.75 and a 52-week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for 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%. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. Equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.96%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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 directly owns 8,362,128 shares in the company, 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 172,933 shares of company stock worth $39,655,456 over the last three months. Company insiders own 32.03% of the company's stock.

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.