DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Boosted by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 45.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,730 shares of the sporting goods retailer’s stock after purchasing an additional 850 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in DICK’S Sporting Goods were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Point Inc. boosted its stake in DICK’S Sporting Goods by 34.8% during the 4th quarter. Trust Point Inc. now owns 1,876 shares of the sporting goods retailer’s stock valued at $429,000 after purchasing an additional 484 shares in the last quarter. Burford Brothers Inc. boosted its stake in DICK’S Sporting Goods by 19.6% during the 4th quarter. Burford Brothers Inc. now owns 2,809 shares of the sporting goods retailer’s stock valued at $643,000 after purchasing an additional 461 shares in the last quarter. Greenleaf Trust boosted its stake in DICK’S Sporting Goods by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock valued at $394,000 after purchasing an additional 50 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in DICK’S Sporting Goods by 12.0% during the 4th quarter. DAVENPORT & Co LLC now owns 2,828 shares of the sporting goods retailer’s stock valued at $647,000 after purchasing an additional 303 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the 4th quarter valued at $28,000. 89.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’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 transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade 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. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $240.01 on Thursday. 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 1 year low of $155.78 and a 1 year high of $254.60. The business has a fifty day simple moving average of $227.75 and a 200 day simple moving average of $216.50. The firm has a market cap of $19.55 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.73 and a beta of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (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 business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the company earned $2.85 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.83%. DICK’S Sporting Goods’s dividend payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DKS. TD Cowen increased their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Argus raised their price objective 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. Wedbush reissued a “neutral” rating and set a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Truist Financial raised their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.09.

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.