DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 98.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,400 shares of the sporting goods retailer's stock after purchasing an additional 9,600 shares during the quarter. Handelsbanken Fonder AB's holdings in DICK'S Sporting Goods were worth $2,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DKS. Blue Trust Inc. increased its position in DICK'S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer's stock valued at $43,000 after purchasing an additional 206 shares during the period. Capital Analysts LLC raised its position in DICK'S Sporting Goods by 132.5% in the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer's stock worth $66,000 after buying an additional 257 shares during the last quarter. Allworth Financial LP increased its position in shares of DICK'S Sporting Goods by 2,505.3% during the 4th quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer's stock valued at $73,000 after purchasing an additional 476 shares during the last quarter. Fifth Third Bancorp increased its position in shares of DICK'S Sporting Goods by 36.0% during the 3rd quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer's stock valued at $75,000 after purchasing an additional 182 shares during the last quarter. Finally, Byrne Asset Management LLC increased its position in shares of DICK'S Sporting Goods by 40.9% during the 3rd quarter. Byrne Asset Management LLC now owns 775 shares of the sporting goods retailer's stock valued at $84,000 after purchasing an additional 225 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DKS. Truist Financial increased their target price on shares of DICK'S Sporting Goods from $201.00 to $243.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Telsey Advisory Group upped their price target on DICK'S Sporting Goods from $160.00 to $195.00 and gave the stock an "outperform" rating in a research note on Monday, March 11th. Williams Trading upgraded DICK'S Sporting Goods from a "hold" rating to a "buy" rating and upped their price target for the stock from $154.00 to $235.00 in a research note on Thursday, March 14th. Wells Fargo & Company increased their target price on DICK'S Sporting Goods from $175.00 to $210.00 and gave the company an "equal weight" rating in a research report on Friday, March 15th. Finally, Jefferies Financial Group started coverage on DICK'S Sporting Goods in a research report on Friday, April 12th. They set a "hold" rating and a $211.00 target price for the company. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $208.64.

DICK'S Sporting Goods Price Performance

DKS stock traded up $2.91 during midday trading on Friday, hitting $207.12. 595,204 shares of the stock were exchanged, compared to its average volume of 914,129. The stock's 50-day moving average price is $198.51 and its 200-day moving average price is $156.62. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.48 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $225.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK'S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business earned $2.93 earnings per share. The company's revenue was up 7.8% compared to the same quarter last year. Research analysts predict that DICK'S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.12%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. DICK'S Sporting Goods's dividend payout ratio is 36.12%.

Insider Buying and Selling

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the completion of the transaction, the chief executive officer now directly owns 280,136 shares of the company's stock, valued at approximately $62,736,457.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the transaction, the senior vice president now directly owns 11,051 shares of the company's stock, valued at approximately $2,450,890.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total value of $8,995,399.65. Following the transaction, the chief executive officer now directly owns 280,136 shares of the company's stock, valued at $62,736,457.20. The disclosure for this sale can be found here. Insiders sold 209,763 shares of company stock valued at $46,483,438 in the last three months. 30.79% of the stock is currently owned by corporate insiders.

About DICK'S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.