1,448 Shares in DICK’S Sporting Goods, Inc. $DKS Purchased by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,448 shares of the sporting goods retailer’s stock, valued at approximately $286,000.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of DICK’S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of DICK’S Sporting Goods by 27.5% during the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock valued at $195,000 after acquiring an additional 209 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the first quarter valued at approximately $214,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of DICK’S Sporting Goods by 18.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock valued at $3,279,000 after acquiring an additional 2,606 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in shares of DICK’S Sporting Goods by 13.6% during the first quarter. PFG Investments LLC now owns 1,111 shares of the sporting goods retailer’s stock valued at $224,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction on 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 owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group increased their target price on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 29th. Morgan Stanley increased their target price on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Telsey Advisory Group reissued an “outperform” rating and set a $255.00 target price on shares of DICK’S Sporting Goods in a report on Friday, September 19th. The Goldman Sachs Group assumed coverage on DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price target for the company. Finally, Wells Fargo & Company upped their price target 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. Twelve 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. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Hold” and an average price target of $232.05.

DICK’S Sporting Goods Trading Down 5.4%

Shares of DICK’S Sporting Goods stock opened at $211.74 on Friday. The firm 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. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The stock has a 50 day moving average of $222.22 and a 200 day moving average of $202.53.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, research 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

DICK’S Sporting Goods 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.