Handelsbanken Fonder AB Increases Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Handelsbanken Fonder AB raised its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,500 shares of the sporting goods retailer's stock after purchasing 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 & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DKS. Holocene Advisors LP purchased a new stake in shares of DICK'S Sporting Goods during the 3rd quarter valued at about $70,562,000. KBC Group NV increased its stake in DICK'S Sporting Goods by 887.3% during the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock worth $52,253,000 after acquiring an additional 225,015 shares during the last quarter. International Assets Investment Management LLC raised its position in DICK'S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock valued at $43,512,000 after purchasing an additional 207,446 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of DICK'S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock worth $41,740,000 after purchasing an additional 189,000 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of DICK'S Sporting Goods in the 3rd quarter worth approximately $32,093,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

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DICK'S Sporting Goods Stock Down 2.2 %

NYSE:DKS traded down $4.96 during trading hours on Thursday, reaching $221.94. The company's stock had a trading volume of 787,219 shares, compared to its average volume of 1,017,645. The stock has a 50 day moving average price of $233.02 and a two-hundred day moving average price of $219.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $18.08 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. DICK'S Sporting Goods, Inc. has a 12 month low of $176.23 and a 12 month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the company posted $2.85 EPS. The business's revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DKS. Wedbush reiterated a "neutral" rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of 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. TD Cowen boosted their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Finally, Argus raised their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $248.09.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade 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 at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction 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 represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by corporate insiders.

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.