Tredje AP fonden Lowers Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Tredje AP fonden trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,635 shares of the sporting goods retailer’s stock after selling 4,634 shares during the quarter. Tredje AP fonden’s holdings in DICK’S Sporting Goods were worth $1,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DKS. Avantax Advisory Services Inc. boosted its stake in shares of DICK’S Sporting Goods by 13.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,034 shares of the sporting goods retailer’s stock worth $694,000 after acquiring an additional 367 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 37.5% during the 4th quarter. Great Lakes Advisors LLC now owns 28,182 shares of the sporting goods retailer’s stock worth $6,449,000 after acquiring an additional 7,692 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of DICK’S Sporting Goods by 21.8% during the 4th quarter. Truvestments Capital LLC now owns 5,231 shares of the sporting goods retailer’s stock worth $1,197,000 after acquiring an additional 937 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 88.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,792 shares of the sporting goods retailer’s stock worth $410,000 after acquiring an additional 842 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 298.8% during the 4th quarter. HighTower Advisors LLC now owns 12,756 shares of the sporting goods retailer’s stock worth $2,919,000 after acquiring an additional 19,171 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on DKS. Robert W. Baird lowered their target price on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stifel Nicolaus decreased their price target on shares of DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday. Loop Capital decreased their price target on shares of DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a research note on Thursday. Truist Financial set a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price target on shares of DICK’S Sporting Goods in a research note on Friday. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.57.

DICK’S Sporting Goods Stock Up 4.4 %

DKS stock opened at $194.74 on Friday. The firm has a market cap of $15.87 billion, a PE ratio of 13.92, a PEG ratio of 2.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The firm’s 50 day moving average price is $228.59 and its 200-day moving average price is $218.26. DICK’S Sporting Goods, Inc. has a one year low of $182.84 and a one year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, March 11th. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.85 earnings per share. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $1.2125 dividend. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a yield of 2.49%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

DICK’S Sporting Goods declared that its board has approved a stock buyback program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last quarter. 32.03% of the stock is owned by company insiders.

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.