Nomura Holdings Inc. Boosts Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Nomura Holdings Inc. grew its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 52.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,675 shares of the sporting goods retailer’s stock after buying an additional 2,629 shares during the period. Nomura Holdings Inc.’s holdings in DICK’S Sporting Goods were worth $1,756,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NorthRock Partners LLC bought a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in DICK’S Sporting Goods by 7.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,999 shares of the sporting goods retailer’s stock valued at $4,805,000 after purchasing an additional 1,436 shares during the period. Lighthouse Investment Partners LLC increased its stake in DICK’S Sporting Goods by 963.4% in the 4th quarter. Lighthouse Investment Partners LLC now owns 26,681 shares of the sporting goods retailer’s stock worth $6,106,000 after acquiring an additional 24,172 shares during the last quarter. Interval Partners LP increased its stake in DICK’S Sporting Goods by 273.6% in the 4th quarter. Interval Partners LP now owns 219,591 shares of the sporting goods retailer’s stock worth $50,251,000 after acquiring an additional 160,817 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in DICK’S Sporting Goods by 15.9% in the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock worth $2,664,000 after acquiring an additional 1,594 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DKS shares. Barclays reduced their price objective on DICK’S Sporting Goods from $254.00 to $223.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a report on Thursday. DA Davidson restated a “buy” rating and set a $273.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday. Loop Capital decreased their price target on DICK’S Sporting Goods from $195.00 to $180.00 and set a “hold” rating for the company in a research note on Friday. Finally, Morgan Stanley increased their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $229.79.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $184.01 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $192.01 and its two-hundred day moving average is $211.39. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.47 and a beta of 1.16.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the company earned $3.85 EPS. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $1.2125 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Friday, March 28th. DICK’S Sporting Goods’s dividend payout ratio is currently 34.54%.

DICK’S Sporting Goods Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.