Nordea Investment Management AB Has $64.86 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Nordea Investment Management AB cut its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,728 shares of the sporting goods retailer's stock after selling 13,332 shares during the quarter. Nordea Investment Management AB owned approximately 0.35% of DICK'S Sporting Goods worth $64,862,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI increased its position in DICK'S Sporting Goods by 4.7% during the second quarter. National Bank of Canada FI now owns 37,843 shares of the sporting goods retailer's stock worth $7,649,000 after acquiring an additional 1,709 shares during the period. Arizona State Retirement System raised its position in shares of DICK'S Sporting Goods by 1.1% during the second quarter. Arizona State Retirement System now owns 16,173 shares of the sporting goods retailer's stock valued at $3,475,000 after buying an additional 172 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in shares of DICK'S Sporting Goods by 30.0% during the second quarter. Cullen Frost Bankers Inc. now owns 1,300 shares of the sporting goods retailer's stock valued at $279,000 after buying an additional 300 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of DICK'S Sporting Goods in the second quarter valued at about $2,716,000. Finally, Quest Partners LLC acquired a new stake in DICK'S Sporting Goods during the second quarter worth about $92,000. Institutional investors own 89.83% of the company's stock.

Insider Transactions at DICK'S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.03% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock traded up $5.13 during trading on Wednesday, reaching $232.72. The company's stock had a trading volume of 820,652 shares, compared to its average volume of 957,950. The stock has a 50-day moving average price of $213.50 and a two-hundred day moving average price of $213.03. The stock has a market capitalization of $18.96 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. 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, Inc. has a one year low of $137.44 and a one year high of $239.30.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The company's revenue was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.89%. DICK'S Sporting Goods's payout ratio is currently 31.45%.

Wall Street Analyst Weigh In

Several research firms have commented on DKS. Truist Financial upped their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Loop Capital upped their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. TD Cowen lifted their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research note on Wednesday. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Wedbush reaffirmed a "neutral" rating and set a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $246.10.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.