Robeco Institutional Asset Management B.V. Boosts Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Robeco Institutional Asset Management B.V. lifted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 98,683 shares of the sporting goods retailer's stock after buying an additional 17,430 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.12% of DICK'S Sporting Goods worth $22,583,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DKS. State Street Corp boosted 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 valued at $473,945,000 after acquiring an additional 27,155 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of DICK'S Sporting Goods by 3.3% during 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. Geode Capital Management LLC boosted its stake in shares of DICK'S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after buying an additional 10,640 shares during the period. KBC Group NV boosted its stake in shares of DICK'S Sporting Goods by 86.8% in the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock valued at $107,043,000 after buying an additional 217,390 shares during the period. Finally, Holocene Advisors LP acquired a new stake in DICK'S Sporting Goods during the third quarter worth approximately $70,562,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DKS shares. Argus upped their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Truist Financial upped their price target 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. Finally, Loop Capital lifted their price objective on shares of 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. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $248.09.

DICK'S Sporting Goods Trading Down 1.3 %

Shares of NYSE:DKS traded down $3.02 during midday trading on Monday, reaching $237.03. The company's stock had a trading volume of 900,142 shares, compared to its average volume of 1,069,510. The firm has a 50 day moving average price of $226.27 and a two-hundred day moving average price of $216.01. DICK'S Sporting Goods, Inc. has a fifty-two week low of $152.42 and a fifty-two week high of $254.60. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.73 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 (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping 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 company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the firm posted $2.85 EPS. The company's quarterly revenue was up .5% on a year-over-year basis. As a group, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.86%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

Insider Buying and Selling

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the business'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 transaction, the chairman now owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by corporate insiders.

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.