Lansforsakringar Fondforvaltning AB publ Purchases 13,891 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Lansforsakringar Fondforvaltning AB has increased its position in DICK'S Sporting Goods by 230.1%, owning nearly 20,000 shares valued at over $4 million.
• Several institutional investors have recently modified their stakes in DICK'S Sporting Goods, leading to institutional ownership of 89.83% of the company's stock.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, representing an annual yield of 2.3%, set to be paid on September 26th.

Lansforsakringar Fondforvaltning AB publ raised its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 230.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,928 shares of the sporting goods retailer's stock after buying an additional 13,891 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in DICK'S Sporting Goods were worth $4,017,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DKS. Park Square Financial Group LLC acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $27,000. Ancora Advisors LLC bought a new stake in DICK'S Sporting Goods in the 4th quarter valued at approximately $28,000. Private Trust Co. NA lifted its stake in DICK'S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after acquiring an additional 66 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in DICK'S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after acquiring an additional 201 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after acquiring an additional 72 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Loop Capital set a $215.00 target price on DICK'S Sporting Goods and gave the company a "hold" rating in a research note on Wednesday, July 30th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. DA Davidson set a $250.00 price objective on DICK'S Sporting Goods in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $232.50.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the sale, the chief executive officer owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value 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 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. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

NYSE DKS traded down $0.39 on Friday, reaching $221.64. The stock had a trading volume of 772,260 shares, compared to its average volume of 1,547,719. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The firm has a fifty day moving average of $214.23 and a two-hundred day moving average of $200.02. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a market cap of $17.74 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.DICK'S Sporting Goods's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

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

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.