DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Swedbank AB

Swedbank AB trimmed its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 32.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,033 shares of the sporting goods retailer's stock after selling 2,393 shares during the quarter. Swedbank AB's holdings in DICK'S Sporting Goods were worth $1,152,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in shares of DICK'S Sporting Goods by 1.1% during the 2nd quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer's stock worth $3,879,000 after buying an additional 198 shares in the last quarter. Cetera Investment Advisers grew its holdings in DICK'S Sporting Goods by 54.6% during the second quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer's stock worth $2,508,000 after acquiring an additional 4,124 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in DICK'S Sporting Goods by 755.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,000 shares of the sporting goods retailer's stock worth $2,363,000 after acquiring an additional 9,714 shares in the last quarter. GAMMA Investing LLC raised its position in DICK'S Sporting Goods by 21.0% in the third quarter. GAMMA Investing LLC now owns 1,164 shares of the sporting goods retailer's stock worth $243,000 after acquiring an additional 202 shares in the last quarter. Finally, Bath Savings Trust Co lifted its holdings in DICK'S Sporting Goods by 191.2% in the third quarter. Bath Savings Trust Co now owns 4,711 shares of the sporting goods retailer's stock valued at $983,000 after acquiring an additional 3,093 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. Wedbush reaffirmed 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. Loop Capital increased their target price 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. UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price target for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Argus upped their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, TD Cowen lifted their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $248.09.

DICK'S Sporting Goods Trading Up 0.4 %

DKS stock traded up $0.85 during midday trading on Tuesday, hitting $238.12. The stock had a trading volume of 779,553 shares, compared to its average volume of 1,080,871. The company's 50-day moving average price is $227.23 and its 200 day moving average price is $216.34. 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 cap of $19.40 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 2.73 and a beta of 1.57. DICK'S Sporting Goods, Inc. has a 12-month low of $152.42 and a 12-month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the business earned $2.85 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.85%. DICK'S Sporting Goods's payout ratio is currently 31.45%.

Insider Transactions at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the 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 transaction, the chairman now directly owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business'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 sale, the executive vice president now directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 in the last three months. Company insiders own 32.03% of the company's stock.

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.