DICK’S Sporting Goods, Inc. $DKS Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 278,602 shares of the sporting goods retailer’s stock after selling 1,453 shares during the quarter. Nordea Investment Management AB owned approximately 0.35% of DICK’S Sporting Goods worth $55,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Oder Investment Management LLC increased its stake in DICK’S Sporting Goods by 1.0% in the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after purchasing an additional 51 shares during the last quarter. US Bancorp DE increased its stake in DICK’S Sporting Goods by 1.1% in the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after purchasing an additional 53 shares during the last quarter. Vontobel Holding Ltd. increased its stake in DICK’S Sporting Goods by 2.0% in the second quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock valued at $588,000 after purchasing an additional 58 shares during the last quarter. Private Advisor Group LLC increased its stake in DICK’S Sporting Goods by 4.4% in the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock valued at $292,000 after purchasing an additional 61 shares during the last quarter. Finally, PFG Investments LLC grew its position in DICK’S Sporting Goods by 5.7% during the second quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock valued at $232,000 after acquiring an additional 63 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DKS. Truist Financial lifted their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research note on Friday. UBS Group lifted their price objective on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Loop Capital set a $215.00 price objective on DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $233.33.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the transaction, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $228.50 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The business has a 50-day moving average of $224.01 and a 200-day moving average of $203.37. 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 company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 3.28 and a beta of 1.06.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a $1.2125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

DICK’S Sporting Goods 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.