DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 48.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,729 shares of the sporting goods retailer’s stock after buying an additional 2,183 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in DICK’S Sporting Goods were worth $989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of DICK’S Sporting Goods by 36.0% in the third quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock worth $75,000 after buying an additional 182 shares during the period. Teacher Retirement System of Texas boosted its holdings in DICK’S Sporting Goods by 3.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 4,853 shares of the sporting goods retailer’s stock worth $527,000 after acquiring an additional 162 shares during the period. California Public Employees Retirement System grew its position in DICK’S Sporting Goods by 9.9% in the third quarter. California Public Employees Retirement System now owns 122,878 shares of the sporting goods retailer’s stock valued at $13,342,000 after acquiring an additional 11,039 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of DICK’S Sporting Goods by 1,423.1% during the third quarter. Larson Financial Group LLC now owns 792 shares of the sporting goods retailer’s stock valued at $86,000 after purchasing an additional 740 shares during the period. Finally, Achmea Investment Management B.V. lifted its position in shares of DICK’S Sporting Goods by 250.2% during the third quarter. Achmea Investment Management B.V. now owns 41,959 shares of the sporting goods retailer’s stock worth $4,556,000 after purchasing an additional 29,976 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the acquisition, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the sale, the senior vice president now owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now owns 8,818,615 shares of the company’s stock, valued at $1,886,566,306.95. The disclosure for this purchase can be found here. In the last quarter, insiders sold 209,763 shares of company stock worth $46,483,438. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $186.63 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 2.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The stock’s fifty day moving average is $205.31 and its two-hundred day moving average is $168.05.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the business posted $2.93 EPS. DICK’S Sporting Goods’s revenue was up 7.8% on a year-over-year basis. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 13.27 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 paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 2.36%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. DICK’S Sporting Goods’s payout ratio is presently 36.12%.

Analysts Set New Price Targets

DKS has been the topic of several analyst reports. Barclays dropped their price target on shares of DICK’S Sporting Goods from $239.00 to $231.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. Wedbush reaffirmed a “neutral” rating and set a $210.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday. TD Cowen reduced their price target on DICK’S Sporting Goods from $226.00 to $224.00 and set a “buy” rating for the company in a report on Tuesday. Robert W. Baird lifted their price objective on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Finally, Loop Capital increased their target price on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Twelve analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $210.45.

About DICK’S Sporting Goods

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.