IFM Investors Pty Ltd Lowers Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

IFM Investors Pty Ltd trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,147 shares of the sporting goods retailer’s stock after selling 417 shares during the period. IFM Investors Pty Ltd’s holdings in DICK’S Sporting Goods were worth $2,507,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DKS. Wallington Asset Management LLC acquired a new stake in DICK’S Sporting Goods during the 1st quarter worth approximately $270,000. Arlington Financial Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the first quarter worth $207,000. Foguth Wealth Management LLC. purchased a new position in DICK’S Sporting Goods during the 1st quarter worth $234,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of DICK’S Sporting Goods by 14.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,569 shares of the sporting goods retailer’s stock worth $4,850,000 after acquiring an additional 2,647 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the 1st quarter worth $164,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the purchase, the insider now owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other DICK’S Sporting Goods news, CFO Navdeep Gupta sold 16,211 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $222.00, for a total value of $3,598,842.00. Following the completion of the sale, the chief financial officer now owns 87,628 shares of the company’s stock, valued at $19,453,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the transaction, the insider now owns 8,818,615 shares of the company’s stock, valued at approximately $1,886,566,306.95. The disclosure for this purchase can be found here. In the last quarter, insiders sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DKS shares. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Williams Trading raised DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their price objective for the stock from $154.00 to $235.00 in a report on Thursday, March 14th. Gordon Haskett raised their target price on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, April 8th. The Goldman Sachs Group upped their price target on DICK’S Sporting Goods from $157.00 to $247.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Morgan Stanley upped their target price on DICK’S Sporting Goods from $160.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Trading Up 1.4 %

Shares of NYSE DKS traded up $2.91 on Friday, reaching $207.12. 595,204 shares of the company traded hands, compared to its average volume of 914,129. The stock has a market capitalization of $17.08 billion, a PE ratio of 17.00, a P/E/G ratio of 2.48 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $225.79. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $198.51 and a 200 day moving average of $156.27.

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

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Wednesday, March 27th. DICK’S Sporting Goods’s payout ratio is currently 36.12%.

DICK’S Sporting Goods Profile

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.