DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,592 shares of the sporting goods retailer's stock after selling 5,680 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in DICK'S Sporting Goods were worth $2,918,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Avantax Advisory Services Inc. grew its holdings in shares of DICK'S Sporting Goods by 13.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,034 shares of the sporting goods retailer's stock valued at $694,000 after buying an additional 367 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in shares of DICK'S Sporting Goods by 37.5% during the fourth quarter. Great Lakes Advisors LLC now owns 28,182 shares of the sporting goods retailer's stock valued at $6,449,000 after buying an additional 7,692 shares during the last quarter. Truvestments Capital LLC boosted its holdings in DICK'S Sporting Goods by 21.8% in the fourth quarter. Truvestments Capital LLC now owns 5,231 shares of the sporting goods retailer's stock valued at $1,197,000 after purchasing an additional 937 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in DICK'S Sporting Goods by 88.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,792 shares of the sporting goods retailer's stock valued at $410,000 after purchasing an additional 842 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in DICK'S Sporting Goods by 298.8% in the fourth quarter. HighTower Advisors LLC now owns 12,756 shares of the sporting goods retailer's stock valued at $2,919,000 after purchasing an additional 19,171 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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DICK'S Sporting Goods Stock Down 3.5 %

DKS stock traded down $6.87 during midday trading on Thursday, hitting $191.25. The company's stock had a trading volume of 1,472,763 shares, compared to its average volume of 1,083,869. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 52-week low of $182.84 and a 52-week high of $254.60. The firm has a market capitalization of $15.58 billion, a P/E ratio of 13.67, a PEG ratio of 2.47 and a beta of 1.53. The firm has a 50-day simple moving average of $226.60 and a 200-day simple moving average of $217.31.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.15. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business earned $3.85 EPS. The company's revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $1.2125 per share. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. This represents a $4.85 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, March 28th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.54%.

DICK'S Sporting Goods declared that its board has approved a share repurchase plan on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have commented on DKS. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Citigroup reaffirmed a "neutral" rating and issued a $220.00 price target (down from $230.00) on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a report on Friday, March 14th. Loop Capital lowered their target price on shares of DICK'S Sporting Goods from $240.00 to $195.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th. Finally, DA Davidson lowered their target price on shares of DICK'S Sporting Goods from $280.00 to $273.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.50.

Insider Buying and Selling

In related news, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 sale, the executive vice president now 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. Insiders have sold 172,933 shares of company stock worth $39,655,456 in the last ninety days. 32.03% of the stock is owned by corporate 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.