Capricorn Fund Managers Ltd Makes New Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Capricorn Fund Managers Ltd bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,011 shares of the sporting goods retailer’s stock, valued at approximately $3,942,000. DICK’S Sporting Goods accounts for 1.8% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds also recently modified their holdings of DKS. State Street Corp raised its holdings in shares of DICK’S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after acquiring an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of DICK’S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after purchasing an additional 57,672 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after buying an additional 10,640 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of DICK’S Sporting Goods by 40.2% in the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer’s stock valued at $117,103,000 after buying an additional 156,227 shares in the last quarter. Finally, Holocene Advisors LP bought a new position in DICK’S Sporting Goods during the third quarter valued at approximately $70,562,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In related news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction on Monday, January 6th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 32.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Cowen boosted their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Wedbush restated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Truist Financial upped their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.10.

DICK’S Sporting Goods Trading Up 0.4 %

Shares of NYSE:DKS opened at $228.09 on Tuesday. DICK’S Sporting Goods, Inc. has a 52-week low of $141.02 and a 52-week high of $239.30. 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 company has a market capitalization of $18.58 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.58. The company has a 50-day simple moving average of $218.26 and a 200 day simple moving average of $213.83.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s revenue was up .5% on a year-over-year basis. During the same period last year, the firm posted $2.85 earnings per share. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $1.10 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.93%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

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.