130,786 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 130,786 shares of the sporting goods retailer's stock, valued at approximately $19,219,000. International Assets Investment Management LLC owned approximately 0.16% of DICK'S Sporting Goods at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DKS. Atlas Capital Advisors LLC lifted its stake in shares of DICK'S Sporting Goods by 4.8% during the first quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer's stock valued at $246,000 after acquiring an additional 79 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of DICK'S Sporting Goods by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer's stock valued at $2,098,000 after purchasing an additional 79 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of DICK'S Sporting Goods by 3.2% in the 4th quarter. Cetera Advisors LLC now owns 3,197 shares of the sporting goods retailer's stock valued at $385,000 after purchasing an additional 99 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its position in shares of DICK'S Sporting Goods by 1.2% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 8,546 shares of the sporting goods retailer's stock worth $928,000 after buying an additional 100 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of DICK'S Sporting Goods by 10.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,038 shares of the sporting goods retailer's stock worth $125,000 after buying an additional 100 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Stock Up 0.5 %

NYSE:DKS traded up $1.00 during trading hours on Thursday, reaching $207.41. 613,379 shares of the stock were exchanged, compared to its average volume of 1,231,985. The stock has a market cap of $17.10 billion, a PE ratio of 17.03, a PEG ratio of 2.49 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a twelve month low of $100.98 and a twelve month high of $225.79. The firm has a 50 day moving average of $190.10 and a 200 day moving average of $148.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its 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. DICK'S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The business had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.79 billion. During the same quarter in the prior year, the company posted $2.93 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.41 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.12%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. DICK'S Sporting Goods's dividend payout ratio is presently 36.12%.

Analysts Set New Price Targets

A number of analysts have commented on DKS shares. Barclays lifted their target price on shares of DICK'S Sporting Goods from $194.00 to $239.00 and gave the stock an "overweight" rating in a report on Monday, March 18th. Telsey Advisory Group upped their price objective on DICK'S Sporting Goods from $160.00 to $195.00 and gave the company an "outperform" rating in a report on Monday, March 11th. Truist Financial raised their target price on DICK'S Sporting Goods from $201.00 to $243.00 and gave the stock a "buy" rating in a report on Friday, March 15th. UBS Group upped their price target on DICK'S Sporting Goods from $142.00 to $215.00 and gave the company a "neutral" rating in a research note on Tuesday, March 19th. Finally, Wedbush lifted their price objective on shares of DICK'S Sporting Goods from $160.00 to $210.00 and gave the stock a "neutral" rating in a research note on Friday, March 15th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus price target of $208.52.

Insider Buying and Selling

In related news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares of the company's stock, valued at approximately $1,886,566,306.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of DICK'S Sporting Goods stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the transaction, the insider now directly owns 8,818,615 shares of the company's stock, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the completion of the transaction, the chief executive officer now owns 280,136 shares of the company's stock, valued at $62,736,457.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,763 shares of company stock worth $46,483,438. Company insiders own 30.79% of the company's stock.

About DICK'S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.