DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,552 shares of the sporting goods retailer's stock after acquiring an additional 6,168 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of DICK'S Sporting Goods worth $12,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kerusso Capital Management LLC purchased a new stake in DICK'S Sporting Goods during the third quarter worth about $1,554,000. National Pension Service purchased a new stake in DICK'S Sporting Goods during the third quarter worth about $4,195,000. Marion Wealth Management purchased a new stake in DICK'S Sporting Goods during the fourth quarter worth about $545,000. Strategy Asset Managers LLC purchased a new stake in DICK'S Sporting Goods during the third quarter worth about $4,325,000. Finally, Landscape Capital Management L.L.C. increased its stake in DICK'S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer's stock worth $3,202,000 after purchasing an additional 12,293 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wedbush reissued a "neutral" rating and set a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group reissued 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. UBS Group raised 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 research report on Wednesday, November 27th. TD Cowen boosted their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, Truist Financial upped their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, DICK'S Sporting Goods has an average rating of "Moderate Buy" and an average price target of $248.09.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded up $2.97 during trading hours on Monday, hitting $236.86. The company's stock had a trading volume of 388,586 shares, compared to its average volume of 1,018,944. The business's 50-day moving average is $228.82 and its two-hundred day moving average is $217.06. The company has a market capitalization of $19.30 billion, a PE ratio of 16.93, a PEG ratio of 2.57 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK'S Sporting Goods, Inc. has a 52-week low of $160.31 and a 52-week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data 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 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%. DICK'S Sporting Goods's revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 earnings per share. As a group, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS 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. Investors 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 1.86%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is currently 31.45%.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated 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 directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last quarter. Insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Company 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.