Handelsbanken Fonder AB Grows Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Handelsbanken Fonder AB grew its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 98.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,400 shares of the sporting goods retailer’s stock after acquiring an additional 9,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in DICK’S Sporting Goods were worth $2,851,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its position in DICK’S Sporting Goods by 236.8% during the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 206 shares in the last quarter. Capital Analysts LLC increased its position in DICK’S Sporting Goods by 132.5% during the fourth quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after buying an additional 257 shares in the last quarter. Allworth Financial LP increased its position in DICK’S Sporting Goods by 2,505.3% during the fourth quarter. Allworth Financial LP now owns 495 shares of the sporting goods retailer’s stock worth $73,000 after buying an additional 476 shares in the last quarter. Signaturefd LLC increased its position in DICK’S Sporting Goods by 30.5% during the fourth quarter. Signaturefd LLC now owns 638 shares of the sporting goods retailer’s stock worth $94,000 after buying an additional 149 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in DICK’S Sporting Goods by 36.0% during the third quarter. Fifth Third Bancorp now owns 688 shares of the sporting goods retailer’s stock worth $75,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 1.4 %

Shares of DKS opened at $207.12 on Friday. The stock’s 50-day moving average is $198.51 and its two-hundred day moving average is $156.27. The stock has a market cap of $17.08 billion, a PE ratio of 17.00, a P/E/G ratio of 2.49 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $225.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. DICK’S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 earnings per share. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

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

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the transaction, the senior vice president now owns 11,051 shares in the company, valued at $2,450,890.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other DICK’S Sporting Goods news, major shareholder William Colombo Trustee U/A Dt purchased 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Elizabeth H. Baran sold 2,175 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the transaction, the senior vice president now owns 11,051 shares in the company, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,763 shares of company stock worth $46,483,438. 30.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DKS has been the subject of several recent research reports. Morgan Stanley raised their price target on DICK’S Sporting Goods from $160.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Barclays lifted their price objective on DICK’S Sporting Goods from $194.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Evercore ISI lifted their price objective on DICK’S Sporting Goods from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Stifel Nicolaus lifted their price objective on DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Finally, Wedbush lifted their price objective on DICK’S Sporting Goods from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Hold” and a consensus target price of $208.64.

DICK’S Sporting Goods Profile

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.