DICK’S Sporting Goods, Inc. $DKS Shares Bought by Andra AP fonden

Andra AP fonden boosted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 970.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 149,900 shares of the sporting goods retailer’s stock after buying an additional 135,900 shares during the period. Andra AP fonden owned approximately 0.19% of DICK’S Sporting Goods worth $29,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DKS. Atlantic Union Bankshares Corp bought a new stake in shares of DICK’S Sporting Goods in the second quarter worth $40,000. EFG Asset Management North America Corp. increased its position in DICK’S Sporting Goods by 10.7% in the second quarter. EFG Asset Management North America Corp. now owns 11,067 shares of the sporting goods retailer’s stock worth $2,190,000 after buying an additional 1,074 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of DICK’S Sporting Goods by 389.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after acquiring an additional 183 shares during the period. Intellectus Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the second quarter valued at approximately $1,204,000. Finally, Sigma Planning Corp raised its stake in DICK’S Sporting Goods by 4.1% during the 2nd quarter. Sigma Planning Corp now owns 2,485 shares of the sporting goods retailer’s stock valued at $491,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Loop Capital set a $215.00 target price on DICK’S Sporting Goods and gave the company a “hold” rating in a report on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of DICK’S Sporting Goods in a report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price objective for the company. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Finally, BNP Paribas set a $177.00 price objective on shares of DICK’S Sporting Goods and gave the company an “underperform” rating in a research report on Friday, September 26th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $234.29.

DICK’S Sporting Goods Trading Up 1.3%

NYSE:DKS opened at $219.00 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The business has a 50 day moving average price of $224.03 and a two-hundred day moving average price of $207.14. The company has a market cap of $17.54 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is 33.87%.

Insiders Place Their Bets

In related news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the transaction, the chief executive officer owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods 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.