KBC Group NV Raises Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

KBC Group NV increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 86.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 467,764 shares of the sporting goods retailer's stock after buying an additional 217,390 shares during the quarter. KBC Group NV owned 0.57% of DICK'S Sporting Goods worth $107,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position in DICK'S Sporting Goods by 47.6% in the 4th quarter. Blue Trust Inc. now owns 1,473 shares of the sporting goods retailer's stock worth $307,000 after purchasing an additional 475 shares during the period. PFG Investments LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter worth about $224,000. First Citizens Bank & Trust Co. lifted its stake in shares of DICK'S Sporting Goods by 15.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,205 shares of the sporting goods retailer's stock valued at $505,000 after acquiring an additional 298 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at about $232,000. Finally, Impact Partnership Wealth LLC grew its position in DICK'S Sporting Goods by 14.8% during the 4th quarter. Impact Partnership Wealth LLC now owns 1,679 shares of the sporting goods retailer's stock worth $384,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business'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 transaction of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. Insiders own 32.03% of the company's stock.

Analysts Set New Price Targets

DKS has been the subject of several recent research reports. Truist Financial boosted their price objective on 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. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. TD Cowen increased their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Loop Capital boosted their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $246.57.

DICK'S Sporting Goods Stock Down 1.3 %

DICK'S Sporting Goods stock traded down $3.23 during trading hours on Monday, hitting $246.34. The stock had a trading volume of 1,222,474 shares, compared to its average volume of 1,156,064. The stock's 50-day moving average price is $222.66 and its 200-day moving average price is $215.25. The stock has a market capitalization of $20.07 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a 12-month low of $148.95 and a 12-month high of $254.60. 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 announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the business earned $2.85 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend 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.