DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 8.4% during the first quarter, HoldingsChannel.com reports. The firm owned 18,325 shares of the sporting goods retailer’s stock after purchasing an additional 1,415 shares during the period. Resona Asset Management Co. Ltd.’s holdings in DICK’S Sporting Goods were worth $3,695,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $485,000. Bessemer Group Inc. grew its position in shares of DICK’S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after buying an additional 72 shares during the last quarter. Fifth Third Bancorp grew its position in shares of DICK’S Sporting Goods by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock valued at $195,000 after buying an additional 209 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of DICK’S Sporting Goods during the 1st quarter valued at about $54,000. Finally, Janus Henderson Group PLC grew its position in shares of DICK’S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock valued at $2,664,000 after buying an additional 1,594 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Gordon Haskett raised shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research report on Friday, July 25th. Bank of America lowered their price objective on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, June 24th. Barclays boosted their price objective on shares of DICK’S Sporting Goods from $217.00 to $232.00 and gave the company an “overweight” rating in a research report on Thursday, May 29th. Truist Financial set a $230.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, May 28th. Finally, Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, July 30th. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $223.06.

Insider Transactions at DICK’S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the sale, the senior vice president directly owned 12,465 shares in the company, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $203.50, for a total transaction of $208,791.00. Following the sale, the executive vice president owned 18,139 shares of the company’s stock, valued at $3,691,286.50. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock valued at $14,462,923 over the last three months. 32.55% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Performance

DKS opened at $224.16 on Friday. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 3.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The business has a 50 day moving average price of $202.94 and a two-hundred day moving average price of $201.64.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK’S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, June 13th. DICK’S Sporting Goods’s dividend payout ratio is 34.69%.

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.