Livforsakringsbolaget Skandia Omsesidigt Has $3.37 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,500 shares of the sporting goods retailer’s stock after selling 2,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in DICK’S Sporting Goods were worth $3,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Brown Brothers Harriman & Co. increased its position in shares of DICK’S Sporting Goods by 196.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer’s stock valued at $25,000 after buying an additional 118 shares in the last quarter. Heritage Wealth Management LLC increased its holdings in shares of DICK’S Sporting Goods by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock worth $26,000 after acquiring an additional 108 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of DICK’S Sporting Goods during the first quarter worth about $28,000. Fortis Capital Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at about $28,000. Finally, CoreCap Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at about $39,000. Institutional investors own 68.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DKS. Robert W. Baird dropped their target price on shares of DICK’S Sporting Goods from $140.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, August 22nd. Wedbush lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $155.00 to $115.00 in a report on Wednesday, August 23rd. Barclays reduced their target price on shares of DICK’S Sporting Goods from $174.00 to $139.00 and set an “overweight” rating for the company in a research note on Wednesday, August 23rd. Bank of America cut DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $180.00 to $125.00 in a research report on Wednesday, August 23rd. Finally, Oppenheimer dropped their target price on DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 23rd. Thirteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.17.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock traded up $1.11 during trading on Thursday, reaching $111.99. The company’s stock had a trading volume of 311,463 shares, compared to its average volume of 1,510,935. The company has a quick ratio of 0.78, a current ratio of 1.81 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $130.14 and its 200-day moving average price is $134.88. DICK’S Sporting Goods, Inc. has a 52 week low of $98.01 and a 52 week high of $152.61. The firm has a market cap of $9.52 billion, a PE ratio of 9.84, a P/E/G ratio of 1.86 and a beta of 1.46.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a return on equity of 40.52% and a net margin of 8.03%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the company earned $3.68 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 11.84 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, September 14th. DICK’S Sporting Goods’s payout ratio is currently 35.49%.

Insider Buying and Selling

In other news, Director Sandeep Mathrani purchased 1,300 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $113.54 per share, with a total value of $147,602.00. Following the acquisition, the director now owns 6,647 shares in the company, valued at approximately $754,700.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other DICK’S Sporting Goods news, Director William J. Colombo bought 2,200 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $110.00 per share, for a total transaction of $242,000.00. Following the completion of the transaction, the director now directly owns 170,192 shares in the company, valued at approximately $18,721,120. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sandeep Mathrani bought 1,300 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average cost of $113.54 per share, with a total value of $147,602.00. Following the acquisition, the director now directly owns 6,647 shares of the company’s stock, valued at approximately $754,700.38. The disclosure for this purchase can be found here. 30.79% of the stock is owned by company insiders.

DICK’S Sporting Goods Company Profile

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