GAM Holding AG boosted its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,207 shares of the sporting goods retailer’s stock after acquiring an additional 2,917 shares during the quarter. GAM Holding AG owned about 0.07% of Dicks Sporting Goods worth $2,437,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in Dicks Sporting Goods by 2,975.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 945,235 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 914,503 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of Dicks Sporting Goods by 4,150.0% during the first quarter. CENTRAL TRUST Co now owns 850 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 830 shares during the period. Bremer Bank National Association acquired a new position in shares of Dicks Sporting Goods during the first quarter valued at $32,000. Bremer Trust National Association acquired a new position in shares of Dicks Sporting Goods during the fourth quarter valued at $36,000. Finally, WP Advisors LLC acquired a new position in shares of Dicks Sporting Goods during the first quarter valued at $62,000. Hedge funds and other institutional investors own 83.75% of the company’s stock.
Shares of NYSE:DKS traded up $0.37 during midday trading on Friday, reaching $34.63. The company had a trading volume of 2,662,100 shares, compared to its average volume of 2,385,709. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.16 and a current ratio of 1.31. Dicks Sporting Goods Inc has a 1-year low of $29.69 and a 1-year high of $41.21. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.80 and a beta of 0.62. The company has a fifty day simple moving average of $35.24.
The company 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 $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, June 13th. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 33.95%.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Dicks Sporting Goods from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a report on Tuesday, May 28th. TheStreet lowered Dicks Sporting Goods from a “b” rating to a “c+” rating in a report on Thursday, June 20th. Bank of America set a $40.00 price target on Dicks Sporting Goods and gave the company a “hold” rating in a report on Thursday, May 30th. Citigroup began coverage on Dicks Sporting Goods in a report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, ValuEngine lowered Dicks Sporting Goods from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $40.33.
About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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