DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 174.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,107 shares of the sporting goods retailer’s stock after purchasing an additional 21,048 shares during the period. Federated Hermes Inc.’s holdings in DICK’S Sporting Goods were worth $7,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its position in DICK’S Sporting Goods by 14.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,413 shares of the sporting goods retailer’s stock valued at $3,936,000 after purchasing an additional 2,347 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of DICK’S Sporting Goods by 72.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,028 shares of the sporting goods retailer’s stock worth $1,940,000 after acquiring an additional 3,778 shares in the last quarter. Vest Financial LLC raised its position in shares of DICK’S Sporting Goods by 22.3% during the 2nd quarter. Vest Financial LLC now owns 4,819 shares of the sporting goods retailer’s stock worth $1,035,000 after acquiring an additional 879 shares in the last quarter. Achmea Investment Management B.V. raised its position in shares of DICK’S Sporting Goods by 4.0% during the 2nd quarter. Achmea Investment Management B.V. now owns 47,340 shares of the sporting goods retailer’s stock worth $10,171,000 after acquiring an additional 1,825 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $2,372,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their target price on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. Loop Capital raised their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Bank of America raised their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. DA Davidson restated a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Truist Financial raised their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.62.

Insider Buying and Selling

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 32.03% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Up 0.4 %

DICK’S Sporting Goods stock opened at $213.13 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $239.30. The company has a market cap of $17.37 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The stock’s 50 day moving average price is $215.46 and its 200 day moving average price is $209.78.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the business earned $2.82 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a dividend of $1.10 per share. The ex-dividend date is Thursday, September 19th. This represents a $4.40 annualized dividend and a yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

DICK’S Sporting Goods Profile

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.