Handelsinvest Investeringsforvaltning Sells 865 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Handelsinvest Investeringsforvaltning reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 34.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,665 shares of the sporting goods retailer’s stock after selling 865 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in DICK’S Sporting Goods were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of DICK’S Sporting Goods by 280.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares during the period. Rise Advisors LLC boosted its position in shares of DICK’S Sporting Goods by 163.9% in the first quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after purchasing an additional 159 shares during the period. Blue Trust Inc. boosted its position in shares of DICK’S Sporting Goods by 236.8% in the fourth quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 206 shares during the period. Capital Analysts LLC lifted its holdings in shares of DICK’S Sporting Goods by 132.5% in 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. Finally, Allworth Financial LP lifted its holdings in shares of DICK’S Sporting Goods by 2,505.3% in 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. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Up 1.0 %

NYSE DKS opened at $200.12 on Thursday. The company’s 50-day moving average price is $209.02 and its 200-day moving average price is $186.72. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The stock has a market cap of $16.31 billion, a PE ratio of 16.57, a PEG ratio of 2.35 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a 12 month low of $100.98 and a 12 month high of $234.47.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.36. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.40 earnings per share. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,664,218.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Stifel Nicolaus boosted their target price on shares of DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Robert W. Baird boosted their target price on shares of DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Citigroup boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, May 30th. Finally, DA Davidson boosted their target price on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $237.09.

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.