Bremer Bank National Association Has $5.92 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Bremer Bank National Association increased its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,360 shares of the sporting goods retailer's stock after purchasing an additional 2,951 shares during the period. Bremer Bank National Association's holdings in DICK'S Sporting Goods were worth $5,918,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in DICK'S Sporting Goods during the 4th quarter valued at $27,000. Ancora Advisors LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter worth $30,000. Bessemer Group Inc. increased its stake in shares of DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after acquiring an additional 76 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter worth $48,000. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded up $1.74 during trading hours on Friday, reaching $180.74. 794,091 shares of the company traded hands, compared to its average volume of 1,251,456. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $14.43 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The stock's fifty day moving average is $185.16 and its 200 day moving average is $209.09.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. Equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods declared that its board has initiated 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 buy up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.68%. The ex-dividend date is Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Analyst Ratings Changes

DKS has been the topic of a number of research reports. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Robert W. Baird dropped their price target on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. Gordon Haskett downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price target on the stock. in a research note on Friday, May 16th. Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Finally, Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $220.11.

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.