DICK’S Sporting Goods, Inc. $DKS Shares Sold by Swedbank AB

Swedbank AB decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,568 shares of the sporting goods retailer’s stock after selling 465 shares during the period. Swedbank AB’s holdings in DICK’S Sporting Goods were worth $921,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DKS. Wellington Management Group LLP lifted its position in DICK’S Sporting Goods by 416.9% in the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock valued at $570,370,000 after purchasing an additional 2,282,300 shares during the period. Westfield Capital Management Co. LP lifted its position in DICK’S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock valued at $127,097,000 after purchasing an additional 599,025 shares during the period. Vanguard Group Inc. lifted its position in DICK’S Sporting Goods by 8.8% in the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the period. GAMMA Investing LLC lifted its position in DICK’S Sporting Goods by 24,140.8% in the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer’s stock valued at $58,827,000 after purchasing an additional 290,655 shares during the period. Finally, Champlain Investment Partners LLC acquired a new stake in DICK’S Sporting Goods in the first quarter valued at about $45,734,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DKS. Citigroup upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the company from $225.00 to $280.00 in a research report on Tuesday, September 9th. Loop Capital set a $215.00 price target on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, July 30th. Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Bank of America reduced their price target on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, June 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $255.00 price target on shares of DICK’S Sporting Goods in a research report on Monday, September 8th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.83.

Insider Buying and Selling

In other news, CEO Lauren R. Hobart sold 40,166 shares of the business’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the sale, the chief executive officer owned 299,990 shares of the company’s stock, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the business’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total transaction of $208,791.00. Following the completion of the sale, the executive vice president directly owned 18,139 shares of the company’s stock, valued at $3,691,286.50. The trade was a 5.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,200 shares of company stock worth $14,462,923. 32.55% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $222.48 on Wednesday. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The firm has a market capitalization of $17.82 billion, a P/E ratio of 15.54, a P/E/G ratio of 3.24 and a beta of 1.02. The company’s fifty day moving average price is $217.28 and its two-hundred day moving average price is $199.73.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a $1.2125 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

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.