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

Nordea Investment Management AB cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,955 shares of the sporting goods retailer’s stock after selling 11,647 shares during the quarter. Nordea Investment Management AB owned about 0.33% of DICK’S Sporting Goods worth $58,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in shares of DICK’S Sporting Goods by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 643 shares of the sporting goods retailer’s stock valued at $130,000 after acquiring an additional 265 shares in the last quarter. Strs Ohio bought a new position in DICK’S Sporting Goods during the 1st quarter valued at $1,028,000. Parallel Advisors LLC increased its position in shares of DICK’S Sporting Goods by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock valued at $132,000 after purchasing an additional 82 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of DICK’S Sporting Goods by 29.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,535 shares of the sporting goods retailer’s stock valued at $1,886,000 after buying an additional 2,182 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in DICK’S Sporting Goods by 0.6% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 15,416 shares of the sporting goods retailer’s stock valued at $3,049,000 after buying an additional 96 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DKS. BNP Paribas set a $177.00 target price on DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. Wells Fargo & Company upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Finally, Telsey Advisory Group decreased their target price on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $235.81.

DICK’S Sporting Goods Trading Down 3.1%

Shares of NYSE:DKS opened at $209.09 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The stock’s 50-day moving average is $212.00 and its 200-day moving average is $216.99. The company has a market cap of $18.81 billion, a P/E ratio of 16.82, a P/E/G ratio of 3.38 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 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, December 26th. Stockholders of record on Friday, December 12th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 39.02%.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.