DICK’S Sporting Goods, Inc. $DKS Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 98.4% in the first quarter, Holdings Channel.com reports. The fund owned 400 shares of the sporting goods retailer’s stock after selling 25,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in DICK’S Sporting Goods were worth $80,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DKS. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $30,000. Harbor Investment Advisory LLC acquired a new stake in DICK’S Sporting Goods during the first quarter valued at approximately $30,000. Laurel Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth $34,000. Elyxium Wealth LLC acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $35,000. Finally, SHP Wealth Management acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $38,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DKS. Telsey Advisory Group raised their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Barclays raised their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the sale, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $208.99 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK’S Sporting Goods, Inc. has a one year low of $186.67 and a one year high of $244.38. The business’s 50-day moving average price is $223.62 and its two-hundred day moving average price is $212.43. The company has a market capitalization of $18.70 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the business earned $3.37 earnings per share. The firm’s revenue for the quarter was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

DICK’S Sporting Goods Profile

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.