Tredje AP fonden Has $22.92 Million Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Tredje AP fonden grew its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 67.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 115,759 shares of the sporting goods retailer’s stock after acquiring an additional 46,695 shares during the quarter. Tredje AP fonden’s holdings in DICK’S Sporting Goods were worth $22,917,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $30,000. Clearstead Advisors LLC lifted its position in DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares during the period. Root Financial Partners LLC bought a new stake in DICK’S Sporting Goods during the third quarter worth about $33,000. Laurel Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $34,000. Finally, Westside Investment Management Inc. grew its stake in DICK’S Sporting Goods by 100.0% during the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after buying an additional 76 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $210.92 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. The stock has a market cap of $18.78 billion, a PE ratio of 20.64, a P/E/G ratio of 3.07 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 12-month low of $167.03 and a 12-month high of $237.31. The business’s 50-day moving average price is $208.05 and its two-hundred day moving average price is $209.45.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The business’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 14.29 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is currently 48.92%.

Analysts Set New Price Targets

DKS has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $210.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, March 12th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Wells Fargo & Company lowered their price objective on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, BTIG Research restated a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $245.89.

Insider Buying and Selling

In other news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the transaction, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.