Burling Wealth Partners LLC Lowers Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Burling Wealth Partners LLC reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 30.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,051 shares of the sporting goods retailer’s stock after selling 1,802 shares during the quarter. Burling Wealth Partners LLC’s holdings in DICK’S Sporting Goods were worth $801,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Oder Investment Management LLC lifted its position in DICK’S Sporting Goods by 1.0% in the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock worth $1,060,000 after buying an additional 51 shares during the last quarter. US Bancorp DE lifted its holdings in shares of DICK’S Sporting Goods by 1.1% in the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock worth $955,000 after acquiring an additional 53 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of DICK’S Sporting Goods by 2.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after acquiring an additional 58 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of DICK’S Sporting Goods by 4.4% in the 1st 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 grew its holdings in shares of DICK’S Sporting Goods by 5.7% during the 2nd 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 during the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $220.31 on Friday. The firm has a market cap of $17.65 billion, a P/E ratio of 15.39, a P/E/G ratio of 3.23 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The business’s 50 day moving average price is $224.76 and its 200-day moving average price is $208.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The company had revenue of $3.65 billion during 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 for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 32.55% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on DKS shares. DA Davidson boosted their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. BNP Paribas set a $177.00 price target on DICK’S Sporting Goods and gave the stock an “underperform” rating in a research report on Friday, September 26th. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Oppenheimer restated an “outperform” rating and issued a $270.00 target price on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Finally, Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $234.29.

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.