International Assets Investment Management LLC Invests $19.22 Million in DICK’S Sporting Goods, Inc. (NYSE:DKS)

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

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in DICK’S Sporting Goods by 7.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,661 shares of the sporting goods retailer’s stock valued at $3,981,000 after purchasing an additional 2,436 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in DICK’S Sporting Goods by 16.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 21,560 shares of the sporting goods retailer’s stock worth $2,341,000 after buying an additional 3,000 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in DICK’S Sporting Goods by 157.2% during the third quarter. Stratos Wealth Partners LTD. now owns 5,860 shares of the sporting goods retailer’s stock valued at $636,000 after acquiring an additional 3,582 shares during the period. J.W. Cole Advisors Inc. acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $711,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DICK’S Sporting Goods by 9.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,945 shares of the sporting goods retailer’s stock worth $1,406,000 after acquiring an additional 1,151 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In related news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the purchase, the insider now directly owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $220.93, for a total value of $33,406,825.30. Following the completion of the transaction, the chairman now directly owns 10,899,110 shares of the company’s stock, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,763 shares of company stock valued at $46,483,438. 30.79% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Trading Up 1.8 %

Shares of DICK’S Sporting Goods stock opened at $202.74 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.41 and a beta of 1.61. The business has a fifty day simple moving average of $201.77 and a two-hundred day simple moving average of $159.52. 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) last announced its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. DICK’S Sporting Goods’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 EPS. Research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s dividend payout ratio is presently 36.12%.

Analysts Set New Price Targets

A number of research analysts recently commented on DKS shares. Williams Trading upgraded DICK’S Sporting Goods from a “hold” rating to a “buy” rating and upped their target price for the company from $154.00 to $235.00 in a research note on Thursday, March 14th. UBS Group increased their price target on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Wells Fargo & Company lifted their price objective on DICK’S Sporting Goods from $175.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Barclays increased their target price on DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Finally, Truist Financial boosted their price target on DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $208.64.

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.