Nomura Holdings Inc. Purchases Shares of 6,503 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Nomura Holdings Inc. acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,503 shares of the sporting goods retailer’s stock, valued at approximately $956,000.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in DICK’S Sporting Goods by 4.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after buying an additional 94,745 shares during the period. Pacer Advisors Inc. increased its position in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock worth $120,102,000 after acquiring an additional 34,942 shares during the period. Dimensional Fund Advisors LP raised its stake in DICK’S Sporting Goods by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 807,203 shares of the sporting goods retailer’s stock valued at $118,621,000 after purchasing an additional 10,091 shares during the last quarter. AQR Capital Management LLC raised its stake in DICK’S Sporting Goods by 145.0% during the 3rd quarter. AQR Capital Management LLC now owns 789,482 shares of the sporting goods retailer’s stock valued at $85,722,000 after purchasing an additional 467,243 shares during the last quarter. Finally, Norges Bank bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $108,908,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DKS shares. The Goldman Sachs Group upped their price objective on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Wells Fargo & Company raised their price objective on DICK’S Sporting Goods from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Bank of America raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $240.00 in a report on Wednesday, May 29th. Stifel Nicolaus upped their target price on DICK’S Sporting Goods from $215.00 to $232.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.09.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,664,218.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Trading Up 0.8 %

Shares of DKS opened at $229.55 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 2.68 and a beta of 1.62. The stock has a fifty day moving average price of $206.05 and a two-hundred day moving average price of $181.63. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.36. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $3.40 earnings per share. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

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.