EFG Asset Management Americas Corp. Has $2.47 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

EFG Asset Management Americas Corp. increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 30.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,480 shares of the sporting goods retailer’s stock after buying an additional 2,685 shares during the period. EFG Asset Management Americas Corp.’s holdings in DICK’S Sporting Goods were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $108,908,000. Vanguard Group Inc. grew its stake in shares of DICK’S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after buying an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of DICK’S Sporting Goods by 5,379.0% during the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after buying an additional 164,706 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $10,653,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of DICK’S Sporting Goods by 25,469.4% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 55,997 shares of the sporting goods retailer’s stock worth $8,229,000 after buying an additional 55,778 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the transaction, the director now owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 3.2 %

Shares of DKS stock traded down $6.79 on Friday, reaching $208.04. 1,295,318 shares of the company were exchanged, compared to its average volume of 1,133,918. The company has a market cap of $16.95 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.59 and a beta of 1.64. The company has a 50-day moving average of $214.27 and a 200-day moving average of $207.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.8 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.11%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Analysts Set New Price Targets

A number of research firms have weighed in on DKS. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a research note on Thursday, May 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Finally, TD Cowen boosted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.43.

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.