Livforsakringsbolaget Skandia Omsesidigt Has $1.37 Million Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly reduced its stake in DICK'S Sporting Goods by 79.8%, leaving it with 6,800 shares valued at approximately $1.37 million.
• DICK'S Sporting Goods reported strong quarterly earnings, with an earnings per share of $4.38, surpassing estimates and marking a 5.0% year-over-year revenue growth.
• The company has announced a quarterly dividend of $1.2125 per share, set to be paid on September 26th, representing a 2.2% dividend yield.

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 79.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,800 shares of the sporting goods retailer's stock after selling 26,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in DICK'S Sporting Goods were worth $1,374,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oder Investment Management LLC boosted its holdings in DICK'S Sporting Goods by 1.0% in the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after purchasing an additional 51 shares during the period. US Bancorp DE boosted its holdings in DICK'S Sporting Goods by 1.1% in the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock valued at $955,000 after purchasing an additional 53 shares during the period. Pine Haven Investment Counsel Inc boosted its holdings in DICK'S Sporting Goods by 4.9% in the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after purchasing an additional 60 shares during the period. Private Advisor Group LLC boosted its holdings in DICK'S Sporting Goods by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock valued at $292,000 after purchasing an additional 61 shares during the period. Finally, Private Trust Co. NA lifted its position in DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock traded down $5.15 during trading on Friday, reaching $222.06. The company's stock had a trading volume of 1,972,666 shares, compared to its average volume of 1,573,720. The stock has a 50-day moving average price of $217.77 and a two-hundred day moving average price of $199.98. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a market capitalization of $17.79 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 3.19 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results 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. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the previous year, the business posted $4.37 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's payout ratio is currently 33.87%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DKS shares. Citigroup raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Bank of America reduced their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. DA Davidson set a $250.00 target price on DICK'S Sporting Goods in a research report on Friday, August 29th. Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Finally, UBS Group raised their target price on DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $235.83.

Insiders Place Their Bets

In related news, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the sale, the executive vice president directly owned 19,165 shares in the company, valued at $3,583,855. This trade represents a 15.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Eddy acquired 1,357 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of $185.31 per share, with a total value of $251,465.67. Following the completion of the transaction, the director owned 4,768 shares of the company's stock, valued at approximately $883,558.08. This trade represents a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 69,200 shares of company stock valued at $14,462,923 over the last three months. Company insiders own 32.55% of the company's stock.

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.