DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 16.9% in the third quarter, the company said in its recent Form 13F filing with the Securities & Exchange Commission. The company owned 28,100 shares of the sporting goods retailer after selling 5,700 shares during the period. Livforsakringsbolaget Skandia Omsesidt’s interests in DICK’S Sporting Goods were valued at $2,940,000 at the time of the last SEC filing.

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Other hedge funds and other institutional investors have also changed their positions in the company. Comerica Bank increased its position in shares of DICK’S Sporting Goods by 52.4% in the third quarter. Comerica Bank now owns 42,024 shares of the sporting goods retailer, valued at $4,804,000, after purchasing an additional 14,456 shares during the period. Bridgewater Associates LP increased its position in shares of DICK’S Sporting Goods by 21.1% in the second quarter. Bridgewater Associates LP now owns 10,104 shares of the sporting goods retailer, valued at $762,000, after purchasing an additional 1,761 shares during the period. Truist Financial Corp increased its position in shares of DICK’S Sporting Goods by 46.6% in the third quarter. Truist Financial Corp now owns 34,060 shares of the sporting goods retailer, valued at $3,565,000, after purchasing an additional 10,834 shares during the period. Fragasso Group Inc. acquired a new interest in DICK’S Sporting Goods stock valued at $294,000 during the second quarter. Finally, Eqis Capital Management Inc. increased its position in shares of DICK’S Sporting Goods by 5.3% in the third quarter. Eqis Capital Management Inc. now owns 18,423 shares of the sporting goods retailer, valued at $1,928,000, after purchasing an additional 926 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s shares.

Insider buying and selling at DICK’S sporting goods

In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,000 shares of the company’s stock in a transaction that took place on Friday, December 9th. The stock sold at an average price of $120.57 for a total transaction of $120,570.00. Following the sale, the senior vice president now owns 26,231 shares of the company, valued at $3,162,671.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission available at this link. In other news, SVP John Edward Hayes III sold 1,000 shares of the company’s stock in a transaction that took place on Friday December 9th. The stock sold at an average price of $120.57 for a total transaction of $120,570.00. Following the closing of the transaction, the senior vice president now directly owns 26,231 shares of the company, valued at $3,162,671.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction that took place on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total value of $3,276,659.92. Following the transaction, the Executive Vice President now directly owns 48,260 shares of the Company, valued at $5,425,871.80. The disclosure for this sale can be found here. 32.83% of the shares are currently owned by insiders.

Analysts set new price targets

A number of research companies have issued reports on DKS. Morgan Stanley raised its target price on DICK’S Sporting Goods to $165.00 from $135.00 and rated the company as “overweight” in a research report on Monday, January 9th. Cowen raised his target price on DICK’S Sporting Goods from $150.00 to $155.00 in a research report on Wednesday, November 23. DA Davidson raised his target price on DICK’S Sporting Goods from $130.00 to $136.00 in a research note on Wednesday, November 23. The Telsey Advisory Group issued a new “outperform” rating and price target of $135.00 on shares of DICK’S Sporting Goods in a research report on Friday. Finally, on Wednesday, February 15, Loop Capital began reporting DICK’S Sporting Goods in a research note. They placed a “hold” rating and a price target of $130.00 on the stock. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of Moderate Buy and a consensus price target of $138.90.

DICK’S sporting goods inventory increased by 1.4%

NYSE DKS rose $1.85 on Friday to hit $131.36. 568,237 shares of hands traded, compared to its average volume of 977,201. The stock has a 50-day moving average of $126.86 and a 200-day moving average of $116.93. DICK’s Sporting Goods, Inc. has a 12-month low of $63.45 and a 12-month high of $138.43. The company has a market cap of $10.40 billion, a P/E of 11.43, a price-to-earnings-to-growth ratio of 2.15 and a beta of 1.41. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.

DICK’S sporting goods profile

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Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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