KLP Kapitalforvaltning AS Has $4.19 Million Stake in DICK’S Sporting Goods, Inc. $DKS

KLP Kapitalforvaltning AS grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,200 shares of the sporting goods retailer’s stock after buying an additional 400 shares during the period. KLP Kapitalforvaltning AS’s holdings in DICK’S Sporting Goods were worth $4,194,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after buying an additional 72 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of DICK’S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock valued at $195,000 after buying an additional 209 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the first quarter valued at approximately $214,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in DICK’S Sporting Goods by 18.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock worth $3,279,000 after purchasing an additional 2,606 shares during the last quarter. Finally, PFG Investments LLC lifted its holdings in DICK’S Sporting Goods by 13.6% during the 1st quarter. PFG Investments LLC now owns 1,111 shares of the sporting goods retailer’s stock worth $224,000 after purchasing an additional 133 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the sale, the executive vice president owned 74,444 shares in the company, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 32.55% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the subject of several research reports. The Goldman Sachs Group initiated coverage on DICK’S Sporting Goods in a report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price target for the company. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Oppenheimer reissued an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. Finally, Truist Financial lifted their price target on DICK’S Sporting Goods from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average target price of $232.05.

DICK’S Sporting Goods Trading Down 5.4%

Shares of DKS stock opened at $211.74 on Friday. The firm has a market capitalization of $16.96 billion, a P/E ratio of 14.79, a P/E/G ratio of 3.20 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $222.22 and its 200 day simple moving average is $202.56.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.DICK’S Sporting Goods’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

DICK’S Sporting Goods Profile

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.