ING Groep NV Acquires New Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

ING Groep NV bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,300 shares of the sporting goods retailer’s stock, valued at approximately $5,790,000.

Several other large investors have also recently bought and sold shares of DKS. Blue Trust Inc. increased its stake in DICK’S Sporting Goods by 210.9% during the 3rd quarter. Blue Trust Inc. now owns 998 shares of the sporting goods retailer’s stock valued at $214,000 after buying an additional 677 shares during the period. Signaturefd LLC increased its stake in DICK’S Sporting Goods by 13.3% during the 3rd quarter. Signaturefd LLC now owns 979 shares of the sporting goods retailer’s stock valued at $204,000 after buying an additional 115 shares during the period. Eastern Bank acquired a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $267,000. International Assets Investment Management LLC increased its stake in DICK’S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock valued at $43,512,000 after buying an additional 207,446 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in DICK’S Sporting Goods by 8.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,384 shares of the sporting goods retailer’s stock valued at $9,492,000 after buying an additional 3,585 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $224.70 on Friday. 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 stock has a market cap of $18.31 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.47 and a beta of 1.57. The firm has a 50 day simple moving average of $232.99 and a 200 day simple moving average of $219.00. DICK’S Sporting Goods, Inc. has a 52 week low of $165.75 and a 52 week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $2.85 earnings per share. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Analysts Set New Price Targets

Several equities analysts have commented on DKS shares. TD Cowen raised their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Argus lifted their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Wedbush reaffirmed 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Company 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.