DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.3% during the fourth quarter, Holdings Channel reports. The fund owned 14,500 shares of the sporting goods retailer’s stock after buying an additional 1,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in DICK’S Sporting Goods were worth $3,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DKS. Ieq Capital LLC boosted its holdings in DICK’S Sporting Goods by 208.8% in the fourth quarter. Ieq Capital LLC now owns 7,365 shares of the sporting goods retailer’s stock valued at $1,685,000 after purchasing an additional 4,980 shares during the last quarter. Kestra Investment Management LLC boosted its stake in shares of DICK’S Sporting Goods by 86.6% in the fourth quarter. Kestra Investment Management LLC now owns 3,775 shares of the sporting goods retailer’s stock worth $864,000 after buying an additional 1,752 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in DICK’S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock worth $577,000 after acquiring an additional 54 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $486,000. Finally, Sanctuary Advisors LLC raised its position in DICK’S Sporting Goods by 2.4% during the fourth quarter. Sanctuary Advisors LLC now owns 49,506 shares of the sporting goods retailer’s stock valued at $12,378,000 after acquiring an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $224.70 on Monday. The stock’s 50 day simple moving average is $232.99 and its 200 day simple moving average is $219.32. DICK’S Sporting Goods, Inc. has a 12-month low of $165.75 and a 12-month high of $254.60. The firm has a market cap of $18.31 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 earnings per share. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Argus increased their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wedbush reissued a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Truist Financial lifted their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average target price of $248.09.

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.