DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 24,955 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 76.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,585 shares of the sporting goods retailer's stock after selling 24,955 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in DICK'S Sporting Goods were worth $1,736,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Wealthfront Advisers LLC bought a new position in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $1,893,210,000. Norges Bank acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $221,693,000. Wellington Management Group LLP acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $125,285,000. KBC Group NV raised its position in shares of DICK'S Sporting Goods by 86.8% in the fourth quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock valued at $107,043,000 after purchasing an additional 217,390 shares during the period. Finally, Candlestick Capital Management LP acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $41,354,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analyst Weigh In

DKS has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Robert W. Baird dropped their price target on DICK'S Sporting Goods from $235.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Truist Financial set a $245.00 price objective on DICK'S Sporting Goods in a report on Tuesday, March 11th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Finally, Morgan Stanley upped their price target on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus target price of $241.61.

DICK'S Sporting Goods Stock Down 0.4 %

Shares of NYSE:DKS opened at $190.57 on Friday. The business has a fifty day simple moving average of $193.20 and a 200 day simple moving average of $211.53. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The firm has a market cap of $15.22 billion, a P/E ratio of 13.62, a P/E/G ratio of 2.47 and a beta of 1.16. 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 (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, beating the consensus estimate of $3.47 by $0.15. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.89 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same period in the prior year, the business posted $3.85 earnings per share. The firm's revenue was up .5% on a year-over-year basis. Analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.54%. DICK'S Sporting Goods's payout ratio is presently 34.54%.

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

About DICK'S Sporting Goods

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.

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