DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the sporting goods retailer’s stock after acquiring an additional 900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DICK’S Sporting Goods were worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Greenleaf Trust grew its position in DICK’S Sporting Goods by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after purchasing an additional 50 shares during the period. CIBC Asset Management Inc raised its stake in shares of DICK’S Sporting Goods by 1.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after buying an additional 54 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in DICK’S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after purchasing an additional 54 shares in the last quarter. Stonegate Investment Group LLC boosted its stake in shares of DICK’S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock worth $473,000 after acquiring an additional 58 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in DICK’S Sporting Goods by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock worth $470,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.2 %

NYSE DKS opened at $219.84 on Wednesday. The company has a market cap of $17.91 billion, a P/E ratio of 15.71, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company has a 50-day moving average of $232.78 and a 200-day moving average of $219.55. DICK’S Sporting Goods, Inc. has a 12 month low of $172.50 and a 12 month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the firm earned $2.85 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DKS. Argus raised their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Loop Capital boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, TD Cowen increased their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

Insider Activity

In related news, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the 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 sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

About DICK’S Sporting Goods

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.