Banque Cantonale Vaudoise Acquires Shares of 824 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Banque Cantonale Vaudoise bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 824 shares of the sporting goods retailer’s stock, valued at approximately $89,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of DICK’S Sporting Goods by 8.3% in the 2nd quarter. BlackRock Inc. now owns 6,478,747 shares of the sporting goods retailer’s stock worth $856,426,000 after acquiring an additional 494,939 shares during the period. Victory Capital Management Inc. boosted its stake in DICK’S Sporting Goods by 9,735.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,239,273 shares of the sporting goods retailer’s stock valued at $243,140,000 after purchasing an additional 2,216,506 shares in the last quarter. State Street Corp increased its position in shares of DICK’S Sporting Goods by 17.1% during the 2nd quarter. State Street Corp now owns 1,981,489 shares of the sporting goods retailer’s stock valued at $261,933,000 after purchasing an additional 289,165 shares during the period. Holocene Advisors LP increased its position in shares of DICK’S Sporting Goods by 29.4% during the 2nd quarter. Holocene Advisors LP now owns 1,300,990 shares of the sporting goods retailer’s stock valued at $171,978,000 after purchasing an additional 295,239 shares during the period. Finally, HS Management Partners LLC raised its stake in shares of DICK’S Sporting Goods by 24.8% in the 3rd quarter. HS Management Partners LLC now owns 1,115,268 shares of the sporting goods retailer’s stock worth $121,096,000 after buying an additional 221,300 shares in the last quarter. Institutional investors own 68.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DKS shares. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target (up from $140.00) on shares of DICK’S Sporting Goods in a report on Friday, November 17th. Citigroup lifted their price target on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. Morgan Stanley upped their price target on DICK’S Sporting Goods from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. Truist Financial raised their price objective on DICK’S Sporting Goods from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush boosted their target price on DICK’S Sporting Goods from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 22nd. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $144.19.

Read Our Latest Report on DKS

DICK’S Sporting Goods Stock Performance

DKS opened at $162.17 on Friday. The stock has a market cap of $13.26 billion, a PE ratio of 14.47, a P/E/G ratio of 2.39 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $163.37. The stock’s 50 day simple moving average is $145.96 and its 200-day simple moving average is $128.09. The company has a current ratio of 1.65, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The sporting goods retailer reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.41. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.76% and a return on equity of 40.94%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.60 EPS. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 12.37 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, December 14th. DICK’S Sporting Goods’s dividend payout ratio is 35.68%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 3,174 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $143.12, for a total transaction of $454,262.88. Following the completion of the transaction, the director now directly owns 57,518 shares in the company, valued at $8,231,976.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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