Greenland Capital Management LP Invests $528,000 in DICK’S Sporting Goods, Inc. $DKS

Greenland Capital Management LP purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,668 shares of the sporting goods retailer’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cerro Pacific Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter worth $286,000. Parallel Advisors LLC lifted its holdings in DICK’S Sporting Goods by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock worth $132,000 after purchasing an additional 82 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in DICK’S Sporting Goods by 18.7% in 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 period. Mn Services Vermogensbeheer B.V. purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $4,154,000. Finally, Janney Montgomery Scott LLC increased its position in shares of DICK’S Sporting Goods by 29.0% during the second quarter. Janney Montgomery Scott LLC now owns 26,912 shares of the sporting goods retailer’s stock valued at $5,324,000 after buying an additional 6,053 shares during the period. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Oppenheimer reissued an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Wells Fargo & Company boosted their price target on shares of 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. Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group initiated coverage on DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $234.29.

Insider Activity

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s 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 transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Trading Down 1.5%

Shares of DICK’S Sporting Goods stock opened at $207.11 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The firm has a market cap of $16.59 billion, a PE ratio of 14.46, a PEG ratio of 3.23 and a beta of 1.05. The company has a 50 day simple moving average of $223.77 and a two-hundred day simple moving average of $209.16.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid 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 33.87%.

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.