DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Position Reduced by Forsta AP Fonden

Forsta AP Fonden lessened its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in DKS. Brooklyn Investment Group purchased a new stake in DICK'S Sporting Goods in the third quarter valued at approximately $27,000. Sound Income Strategies LLC raised its position in DICK'S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after acquiring an additional 118 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $30,000. True Wealth Design LLC boosted its stake in shares of DICK'S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock worth $31,000 after acquiring an additional 145 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in DICK'S Sporting Goods by 454.8% in the third quarter. UMB Bank n.a. now owns 172 shares of the sporting goods retailer's stock valued at $36,000 after purchasing an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded up $0.85 during trading hours on Tuesday, reaching $238.12. 779,553 shares of the company's stock traded hands, compared to its average volume of 1,080,871. DICK'S Sporting Goods, Inc. has a twelve month low of $152.42 and a twelve month high of $254.60. The business's fifty day simple moving average is $226.71 and its two-hundred day simple moving average is $216.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 2.73 and a beta of 1.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate 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%. DICK'S Sporting Goods's quarterly revenue was up .5% on a year-over-year basis. 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 year.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Argus boosted their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Wedbush restated a "neutral" rating and set a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Truist Financial raised their target price on shares of 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. Finally, Morgan Stanley boosted their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $248.09.

About DICK'S Sporting Goods

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.