Nordea Investment Management AB Sells 13,332 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Nordea Investment Management AB decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 281,728 shares of the sporting goods retailer’s stock after selling 13,332 shares during the quarter. Nordea Investment Management AB’s holdings in DICK’S Sporting Goods were worth $64,862,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kerusso Capital Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth about $1,554,000. National Pension Service purchased a new position in shares of DICK’S Sporting Goods in the third quarter worth $4,195,000. Strategy Asset Managers LLC bought a new position in shares of DICK’S Sporting Goods during the third quarter valued at $4,325,000. Landscape Capital Management L.L.C. raised its position in DICK’S Sporting Goods by 402.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after buying an additional 12,293 shares during the last quarter. Finally, Bridgewater Associates LP boosted its holdings in shares of DICK’S Sporting Goods by 245.7% during the 3rd quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer’s stock valued at $1,253,000 after acquiring an additional 4,266 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DKS shares. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Truist Financial upped their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Loop Capital raised their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $227.90 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 52 week low of $137.44 and a 52 week high of $239.30. The stock’s 50-day simple moving average is $212.86 and its 200-day simple moving average is $212.89. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.52 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.85 EPS. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 32.03% of the company’s stock.

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.