Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stake in DICK’S Sporting Goods, Inc. $DKS

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,800 shares of the sporting goods retailer’s stock after buying an additional 2,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DICK’S Sporting Goods were worth $3,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in DICK’S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock worth $44,000 after buying an additional 72 shares in the last quarter. Cerro Pacific Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods during the second quarter worth about $286,000. OneDigital Investment Advisors LLC purchased a new position in DICK’S Sporting Goods during the first quarter worth about $214,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in DICK’S Sporting Goods by 18.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock worth $3,279,000 after buying an additional 2,606 shares in the last quarter. Finally, Private Trust Co. NA grew its position in DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after buying an additional 66 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

DKS stock opened at $220.70 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The firm’s fifty day moving average is $224.71 and its 200 day moving average is $206.02. The firm has a market cap of $17.68 billion, a P/E ratio of 15.41, a P/E/G ratio of 3.23 and a beta of 1.06.

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, beating analysts’ consensus estimates of $4.30 by $0.08. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the company posted $4.37 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DA Davidson boosted their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Barclays lifted their price target on DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. BNP Paribas Exane began coverage on DICK’S Sporting Goods in a research note on Friday, September 26th. They set an “underperform” rating and a $177.00 price target for the company. UBS Group lifted their price target on DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Truist Financial lifted their price target on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $234.29.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. The trade was a 6.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 32.55% of the stock is owned by insiders.

DICK’S Sporting Goods Company 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.