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LSV Asset Management Has $222.59 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Financial News Live · Jan 30, 2023 11:12

LSV Asset Management lessened its position in DICK'S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,127,193 shares of the sporting goods retailer's stock after selling 198,500 shares during the period. LSV Asset Management owned 2.69% of DICK'S Sporting Goods worth $222,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of DICK'S Sporting Goods by 1,226.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer's stock valued at $91,158,000 after purchasing an additional 1,118,279 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of DICK'S Sporting Goods by 14,621.4% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 523,934 shares of the sporting goods retailer's stock valued at $39,487,000 after purchasing an additional 520,375 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of DICK'S Sporting Goods by 155.1% during the 2nd quarter. AQR Capital Management LLC now owns 636,689 shares of the sporting goods retailer's stock valued at $47,446,000 after purchasing an additional 387,139 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of DICK'S Sporting Goods by 11,189.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 348,739 shares of the sporting goods retailer's stock valued at $36,492,000 after purchasing an additional 345,650 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of DICK'S Sporting Goods by 255.8% during the 2nd quarter. Millennium Management LLC now owns 413,996 shares of the sporting goods retailer's stock valued at $31,203,000 after purchasing an additional 297,647 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Gordon Haskett upgraded DICK'S Sporting Goods from a "hold" rating to a "buy" rating and set a $135.00 price target on the stock in a report on Tuesday, November 22nd. Stephens increased their price target on DICK'S Sporting Goods to $121.00 in a report on Friday, November 25th. Cowen increased their price target on DICK'S Sporting Goods from $150.00 to $155.00 in a report on Wednesday, November 23rd. Wells Fargo & Company increased their price target on DICK'S Sporting Goods from $103.00 to $120.00 in a report on Wednesday, November 23rd. Finally, Cowen increased their price target on DICK'S Sporting Goods from $150.00 to $155.00 in a report on Wednesday, November 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $138.95.

Insider Transactions at DICK'S Sporting Goods

In other news, EVP Vladimir Rak sold 29,144 shares of the firm's stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $112.43, for a total value of $3,276,659.92. Following the completion of the transaction, the executive vice president now directly owns 48,260 shares of the company's stock, valued at $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Vladimir Rak sold 29,144 shares of the firm's stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $112.43, for a total value of $3,276,659.92. Following the completion of the transaction, the executive vice president now directly owns 48,260 shares of the company's stock, valued at $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Edward Hayes III sold 1,000 shares of the firm's stock in a transaction on Friday, December 9th. The stock was sold at an average price of $120.57, for a total value of $120,570.00. Following the completion of the transaction, the senior vice president now directly owns 26,231 shares of the company's stock, valued at $3,162,671.67. The disclosure for this sale can be found here. Insiders sold 39,283 shares of company stock valued at $4,475,632 over the last three months. Company insiders own 32.83% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded up $2.61 on Monday, reaching $128.84. 78,080 shares of the company's stock traded hands, compared to its average volume of 1,030,862. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.20 billion, a PE ratio of 11.14, a PEG ratio of 2.11 and a beta of 1.40. The stock's 50 day simple moving average is $119.89 and its two-hundred day simple moving average is $111.26. DICK'S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $131.12.

DICK'S Sporting Goods (NYSE:DKS – Get Rating) last released its earnings results on Tuesday, November 22nd. The sporting goods retailer reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.36. DICK'S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.70 billion. On average, analysts forecast that DICK'S Sporting Goods, Inc. will post 11.94 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 30th. Stockholders of record on Friday, December 9th were issued a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, December 8th. DICK'S Sporting Goods's payout ratio is currently 17.21%.

About DICK'S Sporting Goods

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Dick's Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.