Universal Beteiligungs und Servicegesellschaft mbH boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,461 shares of the sporting goods retailer’s stock after acquiring an additional 3,912 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DICK’S Sporting Goods were worth $4,849,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at about $30,000. TD Waterhouse Canada Inc. lifted its holdings in shares of DICK’S Sporting Goods by 8.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 31,643 shares of the sporting goods retailer’s stock valued at $6,264,000 after purchasing an additional 2,358 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DICK’S Sporting Goods by 215.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,933 shares of the sporting goods retailer’s stock valued at $8,697,000 after purchasing an additional 30,000 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of DICK’S Sporting Goods by 18.3% during the 4th quarter. Bayforest Capital Ltd now owns 1,097 shares of the sporting goods retailer’s stock valued at $217,000 after purchasing an additional 170 shares in the last quarter. Finally, First Horizon Corp lifted its holdings in shares of DICK’S Sporting Goods by 94.1% during the 4th quarter. First Horizon Corp now owns 856 shares of the sporting goods retailer’s stock valued at $169,000 after purchasing an additional 415 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.
DICK’S Sporting Goods Stock Down 1.1%
DICK’S Sporting Goods stock opened at $226.91 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The company’s 50-day moving average is $204.73 and its 200-day moving average is $210.20. The firm has a market capitalization of $20.20 billion, a PE ratio of 22.20, a P/E/G ratio of 3.26 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a fifty-two week low of $167.03 and a fifty-two week high of $237.31.
DICK’S Sporting Goods Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is presently 48.92%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on DKS shares. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a report on Monday, January 12th. Barclays lifted their target price on DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Finally, Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.89.
Get Our Latest Stock Report on DKS
Insider Buying and Selling
In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 32.55% of the stock is currently owned by insiders.
DICK’S Sporting Goods Profile
DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.
The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.
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