Gateway Investment Advisers LLC Raises Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Gateway Investment Advisers LLC increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,795 shares of the sporting goods retailer’s stock after buying an additional 939 shares during the period. Gateway Investment Advisers LLC’s holdings in DICK’S Sporting Goods were worth $6,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Choreo LLC purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $288,000. American Century Companies Inc. lifted its position in shares of DICK’S Sporting Goods by 10.8% during the second quarter. American Century Companies Inc. now owns 98,745 shares of the sporting goods retailer’s stock valued at $21,215,000 after buying an additional 9,642 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of DICK’S Sporting Goods by 50.3% during the second quarter. Envestnet Asset Management Inc. now owns 103,200 shares of the sporting goods retailer’s stock valued at $22,173,000 after buying an additional 34,532 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of DICK’S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after buying an additional 102,609 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of DICK’S Sporting Goods by 57.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,126 shares of the sporting goods retailer’s stock worth $1,961,000 after buying an additional 3,322 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent analyst reports. Loop Capital raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. TD Cowen raised their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Truist Financial upped their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wedbush reissued a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price of $246.10.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $226.94 on Friday. The company has a market capitalization of $18.49 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.62 and a beta of 1.58. The business’s 50-day moving average is $216.62 and its two-hundred day moving average is $213.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a fifty-two week low of $139.75 and a fifty-two week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company earned $2.85 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up .5% compared to the same quarter last year. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

DICK’S Sporting Goods Company 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.