Pensionfund Sabic Purchases New Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Pensionfund Sabic bought a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,600 shares of the sporting goods retailer's stock, valued at approximately $1,510,000.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its stake in DICK'S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock valued at $473,945,000 after acquiring an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of DICK'S Sporting Goods by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock worth $373,327,000 after purchasing an additional 57,672 shares during the period. Renaissance Technologies LLC boosted its stake in DICK'S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock valued at $237,697,000 after buying an additional 375,600 shares during the period. Geode Capital Management LLC grew its position in DICK'S Sporting Goods by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock worth $217,169,000 after buying an additional 10,640 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of DICK'S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer's stock worth $167,683,000 after purchasing an additional 102,609 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 0.2 %

Shares of NYSE:DKS traded down $0.49 on Monday, hitting $228.63. 1,225,468 shares of the company traded hands, compared to its average volume of 980,589. The company has a market cap of $18.63 billion, a PE ratio of 16.34, a PEG ratio of 2.52 and a beta of 1.58. The stock has a 50 day simple moving average of $211.88 and a 200-day simple moving average of $212.91. DICK'S Sporting Goods, Inc. has a 52 week low of $137.44 and a 52 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 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 firm had revenue of $3.06 billion for 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 business's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.85 earnings per share. As a group, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. DICK'S Sporting Goods's payout ratio is 31.45%.

Analysts Set New Price Targets

A number of research firms have weighed in on DKS. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Truist Financial raised their price objective 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. Loop Capital lifted their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $244.95.

Insider Buying and Selling

In related news, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. 32.03% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Profile

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.