Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,400 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in DICK'S Sporting Goods by 17.0%, owning 16,600 shares valued at approximately $3.35 million after selling 3,400 shares.
• Several large investors, including Vanguard Group and Invesco Ltd., increased their positions in DICK'S Sporting Goods, with Vanguard raising its stake by 8.8% and Invesco boosting it by 36.2%.
• Analyst ratings show mixed sentiment, with Telsey Advisory Group maintaining an "outperform" rating while others like JPMorgan Chase & Co. lowered their price target, indicating a current average target of $223.06.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 17.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,600 shares of the sporting goods retailer's stock after selling 3,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in DICK'S Sporting Goods were worth $3,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth $485,000. Bessemer Group Inc. boosted its holdings in DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after purchasing an additional 72 shares in the last quarter. Fifth Third Bancorp boosted its holdings in DICK'S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock worth $195,000 after purchasing an additional 209 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of DICK'S Sporting Goods in the first quarter worth about $54,000. Finally, Janus Henderson Group PLC boosted its stake in shares of DICK'S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after acquiring an additional 1,594 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of recent analyst reports. Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Bank of America decreased their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Robert W. Baird lowered their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. Wells Fargo & Company boosted their price objective on DICK'S Sporting Goods from $187.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $223.06.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares of the company's stock, valued at $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 over the last ninety days. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

NYSE DKS traded up $0.5780 on Thursday, reaching $223.4680. The company's stock had a trading volume of 790,649 shares, compared to its average volume of 1,468,526. The firm has a market cap of $17.89 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 3.25 and a beta of 1.07. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The business has a 50-day moving average price of $205.43 and a 200 day moving average price of $201.52.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%.The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. Sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

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.