DICK’S Sporting Goods, Inc. $DKS Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 71.1% during the 3rd quarter, Holdings Channel reports. The firm owned 2,758 shares of the sporting goods retailer’s stock after selling 6,777 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $613,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in DICK’S Sporting Goods in the 2nd quarter valued at approximately $136,483,000. Cerro Pacific Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods during the second quarter worth $286,000. Parallel Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 14.0% in the second quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock worth $132,000 after acquiring an additional 82 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of DICK’S Sporting Goods by 33.8% in the second quarter. Osaic Holdings Inc. now owns 39,026 shares of the sporting goods retailer’s stock valued at $7,783,000 after acquiring an additional 9,866 shares in the last quarter. Finally, Caldwell Trust Co purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $1,433,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $210.35 on Friday. 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 50 day moving average price of $216.22 and a 200 day moving average price of $214.58. The company has a market cap of $18.92 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 3.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. DICK’S Sporting Goods’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

Insider Transactions at DICK’S Sporting Goods

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DKS. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Truist Financial lifted their price target on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wall Street Zen downgraded shares of DICK’S Sporting Goods from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Telsey Advisory Group decreased their target price on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Finally, DA Davidson cut their price target on DICK’S Sporting Goods from $270.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $235.10.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.