Forsta AP Fonden Decreases Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Forsta AP Fonden lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,600 shares of the sporting goods retailer’s stock after selling 7,500 shares during the period. Forsta AP Fonden’s holdings in DICK’S Sporting Goods were worth $3,112,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DKS. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth $1,554,000. National Pension Service acquired a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $4,195,000. Marion Wealth Management purchased a new stake in DICK’S Sporting Goods in the fourth quarter valued at about $545,000. Strategy Asset Managers LLC acquired a new stake in DICK’S Sporting Goods in the third quarter worth about $4,325,000. Finally, Landscape Capital Management L.L.C. grew its stake in shares of DICK’S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after acquiring an additional 12,293 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’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 sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Loop Capital boosted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Down 4.0 %

Shares of DKS opened at $240.11 on Friday. The firm has a market cap of $19.56 billion, a P/E ratio of 17.16, a PEG ratio of 2.79 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 12 month low of $148.95 and a 12 month high of $254.60. The stock’s 50 day moving average is $226.27 and its two-hundred day moving average is $215.99. 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 released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $2.85 EPS. Analysts predict 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 declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.83%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

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.