Means Investment CO. Inc. Purchases 164 Shares of DICK’S Sporting Goods, Inc. $DKS

Means Investment CO. Inc. increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,245 shares of the sporting goods retailer’s stock after acquiring an additional 164 shares during the period. Means Investment CO. Inc.’s holdings in DICK’S Sporting Goods were worth $246,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Oder Investment Management LLC lifted its position in DICK’S Sporting Goods by 1.0% during the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after purchasing an additional 51 shares in the last quarter. US Bancorp DE lifted its position in DICK’S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after purchasing an additional 53 shares in the last quarter. Vontobel Holding Ltd. lifted its position in DICK’S Sporting Goods by 2.0% during the second quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock valued at $588,000 after purchasing an additional 58 shares in the last quarter. Private Advisor Group LLC lifted its position in DICK’S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock valued at $292,000 after purchasing an additional 61 shares in the last quarter. Finally, PFG Investments LLC lifted its position in DICK’S Sporting Goods by 5.7% during the second quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock valued at $232,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In other news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods 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 directly owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The stock was 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 directly owned 299,990 shares in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $211.74 on Friday. The stock’s 50-day simple moving average is $222.22 and its 200-day simple moving average is $202.53. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 3.03 and a beta of 1.06. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

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

DICK’S Sporting Goods Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DKS shares. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Truist Financial lifted their target price on DICK’S Sporting Goods from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Morgan Stanley lifted their target price on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Wells Fargo & Company lifted their target price on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Finally, DA Davidson set a $250.00 price objective on DICK’S Sporting Goods in a research report on Friday, August 29th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Hold” and an average price target of $232.05.

DICK’S Sporting Goods Company 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.