DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Decreased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lessened its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 22.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,448 shares of the sporting goods retailer’s stock after selling 3,059 shares during the quarter. EFG Asset Management North America Corp.’s holdings in DICK’S Sporting Goods were worth $2,392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DKS. Commerce Bank boosted its position in shares of DICK’S Sporting Goods by 7.1% in the third quarter. Commerce Bank now owns 2,950 shares of the sporting goods retailer’s stock worth $616,000 after buying an additional 196 shares during the period. Cerity Partners LLC boosted its position in DICK’S Sporting Goods by 108.5% during the 3rd quarter. Cerity Partners LLC now owns 14,647 shares of the sporting goods retailer’s stock worth $3,057,000 after acquiring an additional 7,621 shares during the period. Westfield Capital Management Co. LP purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $5,562,000. Daiwa Securities Group Inc. increased its holdings in shares of DICK’S Sporting Goods by 9.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the sporting goods retailer’s stock valued at $939,000 after purchasing an additional 400 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods in the third quarter worth approximately $27,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $207.97 on Wednesday. The company has a market cap of $16.94 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.47 and a beta of 1.53. The business has a 50 day moving average price of $224.43 and a 200 day moving average price of $216.65. 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, Inc. has a twelve month low of $182.84 and a twelve month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.15. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company posted $3.85 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods declared that its board has approved a share repurchase program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.33%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is currently 34.54%.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction 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 owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,933 shares of company stock valued at $39,655,456. Insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on DKS shares. Guggenheim reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, March 12th. Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their price objective on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating for the company in a research report on Wednesday, March 12th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Argus raised their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.50.

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.