17,011 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Acquired by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,011 shares of the sporting goods retailer’s stock, valued at approximately $3,942,000. DICK’S Sporting Goods makes up about 1.8% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also recently modified their holdings of DKS. Envestnet Asset Management Inc. lifted its position in DICK’S Sporting Goods by 50.3% during the second quarter. Envestnet Asset Management Inc. now owns 103,200 shares of the sporting goods retailer’s stock worth $22,173,000 after purchasing an additional 34,532 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of DICK’S Sporting Goods by 57.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,126 shares of the sporting goods retailer’s stock worth $1,961,000 after acquiring an additional 3,322 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of DICK’S Sporting Goods by 11.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,969 shares of the sporting goods retailer’s stock worth $1,282,000 after acquiring an additional 635 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in DICK’S Sporting Goods by 13.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,464 shares of the sporting goods retailer’s stock valued at $315,000 after acquiring an additional 168 shares during the last quarter. Finally, Sei Investments Co. raised its position in DICK’S Sporting Goods by 71.8% during the second quarter. Sei Investments Co. now owns 45,917 shares of the sporting goods retailer’s stock valued at $9,864,000 after purchasing an additional 19,191 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DKS. Truist Financial lifted their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. TD Cowen lifted their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Wedbush reissued a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $246.10.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $228.09 on Tuesday. The company has a market capitalization of $18.58 billion, a PE ratio of 16.30, a P/E/G ratio of 2.60 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a fifty-two week low of $141.02 and a fifty-two week high of $239.30. 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 company has a 50 day simple moving average of $218.26 and a two-hundred day simple moving average of $213.83.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 earnings per share. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by insiders.

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.