Nomura Holdings Inc. Raises Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Nomura Holdings Inc. increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,675 shares of the sporting goods retailer's stock after purchasing an additional 2,629 shares during the period. Nomura Holdings Inc.'s holdings in DICK'S Sporting Goods were worth $1,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth about $485,000. Argus Investors Counsel Inc. bought a new stake in DICK'S Sporting Goods during the fourth quarter worth about $257,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in DICK'S Sporting Goods by 78.2% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer's stock worth $2,631,000 after purchasing an additional 5,046 shares during the period. Janus Henderson Group PLC increased its stake in shares of DICK'S Sporting Goods by 15.9% during the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in shares of DICK'S Sporting Goods by 11.8% during the fourth quarter. Principal Securities Inc. now owns 3,589 shares of the sporting goods retailer's stock valued at $821,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DKS traded down $4.06 during mid-day trading on Friday, reaching $168.34. The stock had a trading volume of 704,786 shares, compared to its average volume of 1,246,451. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The business has a fifty day moving average of $190.82 and a 200 day moving average of $210.81. 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 (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.15. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.85 EPS. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods declared that its board has approved a stock repurchase program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes 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 board believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.88%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio is presently 34.54%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Truist Financial set a $245.00 target price on DICK'S Sporting Goods in a report on Tuesday, March 11th. Gordon Haskett downgraded DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price target for the company. in a report on Friday, May 16th. Argus lifted their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus cut their price objective on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Hold" and an average price target of $229.47.

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.