Desjardins Global Asset Management Inc. Has $40,000 Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Desjardins Global Asset Management Inc. reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274 shares of the sporting goods retailer’s stock after selling 128 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DKS. Capital Analysts LLC lifted its stake in DICK’S Sporting Goods by 132.5% in the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock valued at $66,000 after buying an additional 257 shares during the period. Mackenzie Financial Corp lifted its stake in DICK’S Sporting Goods by 1.7% in the fourth quarter. Mackenzie Financial Corp now owns 80,905 shares of the sporting goods retailer’s stock valued at $11,889,000 after buying an additional 1,367 shares during the period. Vontobel Holding Ltd. lifted its stake in DICK’S Sporting Goods by 23.0% in the fourth quarter. Vontobel Holding Ltd. now owns 13,960 shares of the sporting goods retailer’s stock valued at $2,051,000 after buying an additional 2,606 shares during the period. Louisiana State Employees Retirement System acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at approximately $2,542,000. Finally, Byrne Asset Management LLC increased its holdings in shares of DICK’S Sporting Goods by 85.8% during the fourth quarter. Byrne Asset Management LLC now owns 1,440 shares of the sporting goods retailer’s stock valued at $212,000 after acquiring an additional 665 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the subject of several recent research reports. Truist Financial boosted their price objective on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a report on Friday, March 15th. The Goldman Sachs Group boosted their price objective on DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a report on Friday, March 15th. UBS Group boosted their price objective on DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Wells Fargo & Company boosted their price objective on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Finally, Jefferies Financial Group initiated coverage on DICK’S Sporting Goods in a report on Friday, April 12th. They set a “hold” rating and a $211.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $208.64.

DICK’S Sporting Goods Stock Down 0.1 %

Shares of NYSE:DKS opened at $195.09 on Friday. The company has a market capitalization of $16.08 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 2.39 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74. The business has a fifty day moving average price of $194.84 and a two-hundred day moving average price of $152.78. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio is currently 36.12%.

Insider Activity

In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock valued at $46,483,438 in the last 90 days. Insiders own 30.79% of the company’s stock.

About DICK’S Sporting Goods

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.