Handelsbanken Fonder AB Has $3.32 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Handelsbanken Fonder AB boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,500 shares of the sporting goods retailer’s stock after purchasing an additional 1,700 shares during the period. Handelsbanken Fonder AB’s holdings in DICK’S Sporting Goods were worth $3,318,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of DICK’S Sporting Goods by 13.3% during the third quarter. Signaturefd LLC now owns 979 shares of the sporting goods retailer’s stock worth $204,000 after purchasing an additional 115 shares during the period. International Assets Investment Management LLC boosted its holdings in DICK’S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer’s stock worth $43,512,000 after purchasing an additional 207,446 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of DICK’S Sporting Goods by 8.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,384 shares of the sporting goods retailer’s stock valued at $9,492,000 after acquiring an additional 3,585 shares in the last quarter. Forsta AP Fonden raised its stake in shares of DICK’S Sporting Goods by 68.8% during the 3rd quarter. Forsta AP Fonden now owns 21,100 shares of the sporting goods retailer’s stock worth $4,404,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in DICK’S Sporting Goods by 16.5% in the third quarter. Arkadios Wealth Advisors now owns 4,099 shares of the sporting goods retailer’s stock valued at $855,000 after acquiring an additional 581 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Down 2.9 %

NYSE DKS opened at $224.70 on Monday. The stock’s fifty day moving average price is $232.99 and its 200-day moving average price is $219.32. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market cap of $18.31 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 12 month low of $165.75 and a 12 month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $2.85 earnings per share. As a group, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was 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 in the company, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial raised their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. TD Cowen upped their target price 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.09.

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.