Robeco Institutional Asset Management B.V. Has $1.20 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Posted by on Oct 14th, 2023

Robeco Institutional Asset Management B.V. lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 79.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,057 shares of the sporting goods retailer’s stock after selling 33,970 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DICK’S Sporting Goods were worth $1,197,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Lakewood Asset Management LLC grew its position in DICK’S Sporting Goods by 0.9% during the first quarter. Lakewood Asset Management LLC now owns 8,273 shares of the sporting goods retailer’s stock worth $1,174,000 after buying an additional 74 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of DICK’S Sporting Goods by 4.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after purchasing an additional 79 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of DICK’S Sporting Goods by 0.3% in the 1st quarter. Treasurer of the State of North Carolina now owns 29,343 shares of the sporting goods retailer’s stock valued at $4,163,000 after purchasing an additional 82 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of DICK’S Sporting Goods by 4.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 2,134 shares of the sporting goods retailer’s stock valued at $303,000 after purchasing an additional 87 shares in the last quarter. Finally, Jag Capital Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 0.4% in the 1st quarter. Jag Capital Management LLC now owns 20,648 shares of the sporting goods retailer’s stock valued at $2,930,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

Insider Activity

In other news, Director William J. Colombo bought 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average cost of $110.00 per share, with a total value of $242,000.00. Following the transaction, the director now directly owns 170,192 shares of the company’s stock, valued at approximately $18,721,120. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Sandeep Mathrani bought 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of $113.54 per share, with a total value of $147,602.00. Following the transaction, the director now directly owns 6,647 shares of the company’s stock, valued at approximately $754,700.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Colombo bought 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average cost of $110.00 per share, with a total value of $242,000.00. Following the completion of the transaction, the director now directly owns 170,192 shares in the company, valued at $18,721,120. The disclosure for this purchase can be found here. 30.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DKS shares. Citigroup reduced their target price on DICK’S Sporting Goods from $153.00 to $118.00 and set a “neutral” rating on the stock in a report on Wednesday, August 23rd. The Goldman Sachs Group reduced their target price on DICK’S Sporting Goods from $164.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Robert W. Baird reduced their target price on DICK’S Sporting Goods from $140.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, August 22nd. Wedbush cut DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $155.00 to $115.00 in a research note on Wednesday, August 23rd. Finally, Morgan Stanley dropped their price target on DICK’S Sporting Goods from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Hold” and a consensus target price of $143.17.

Get Our Latest Research Report on DKS

DICK’S Sporting Goods Stock Up 1.7 %

Shares of NYSE:DKS opened at $107.32 on Friday. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 1.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.81 and a quick ratio of 0.78. The business’s 50-day moving average is $117.87 and its 200-day moving average is $129.92. DICK’S Sporting Goods, Inc. has a 1 year low of $98.01 and a 1 year high of $152.61.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last announced its quarterly earnings data on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.24 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.68 earnings per share. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 11.82 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, September 14th. DICK’S Sporting Goods’s dividend payout ratio is 35.49%.

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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