Principal Financial Group Inc. Has $42.81 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Principal Financial Group Inc. grew its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,068 shares of the sporting goods retailer's stock after purchasing an additional 4,491 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of DICK'S Sporting Goods worth $42,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kerusso Capital Management LLC bought a new position in DICK'S Sporting Goods in the 3rd quarter worth $1,554,000. National Pension Service bought a new position in DICK'S Sporting Goods in the 3rd quarter worth $4,195,000. Marion Wealth Management bought a new position in DICK'S Sporting Goods in the 4th quarter worth $545,000. Strategy Asset Managers LLC bought a new position in DICK'S Sporting Goods in the 3rd quarter worth $4,325,000. Finally, Argus Investors Counsel Inc. bought a new position in DICK'S Sporting Goods in the 4th quarter worth $257,000. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS stock traded down $6.80 during trading on Friday, hitting $224.70. 1,175,056 shares of the stock traded hands, compared to its average volume of 899,847. DICK'S Sporting Goods, Inc. has a one year low of $165.75 and a one year high of $254.60. The stock has a market cap of $18.31 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a 50 day simple moving average of $232.99 and a 200 day simple moving average of $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 (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm posted $2.85 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. Equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.96%. The ex-dividend date was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

Analysts Set New Price Targets

Several research analysts recently commented on DKS shares. Truist Financial lifted their target price on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. TD Cowen raised their price target on shares of 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. Telsey Advisory Group restated an "outperform" rating and issued a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Finally, Argus raised their price target on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $248.09.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. 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 transaction of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company's stock, 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 sold 172,933 shares of company stock valued at $39,655,456 in the last ninety days. Insiders own 32.03% of the company's stock.

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.