Great Lakes Advisors LLC Has $5.55 Million Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Great Lakes Advisors LLC decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 27,742 shares of the sporting goods retailer’s stock after selling 440 shares during the quarter. Great Lakes Advisors LLC’s holdings in DICK’S Sporting Goods were worth $5,552,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DKS. Park Square Financial Group LLC acquired a new position in DICK’S Sporting Goods during the 4th quarter worth $27,000. Private Trust Co. NA lifted its holdings in DICK’S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after buying an additional 66 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in DICK’S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 201 shares in the last quarter. Bessemer Group Inc. lifted its holdings in DICK’S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock worth $44,000 after buying an additional 72 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in DICK’S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $220.53 on Wednesday. The company has a market capitalization of $17.66 billion, a PE ratio of 15.40, a PEG ratio of 3.21 and a beta of 1.02. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $215.40 and its 200 day simple moving average is $199.63.

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

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 33.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the company from $225.00 to $280.00 in a research note on Tuesday. DA Davidson set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Finally, Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.83.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 1,026 shares of the business’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the sale, the executive vice president directly owned 18,139 shares in the company, valued at $3,691,286.50. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the executive vice president directly owned 74,444 shares of the company’s stock, valued at $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock worth $14,462,923 in the last three months. 32.55% of the stock is owned by insiders.

About DICK’S Sporting Goods

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.