49,521 Shares in DICK’S Sporting Goods, Inc. $DKS Acquired by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 49,521 shares of the sporting goods retailer’s stock, valued at approximately $9,796,000. Quinn Opportunity Partners LLC owned 0.06% of DICK’S Sporting Goods as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $40,000. Ancora Advisors LLC raised its position in DICK’S Sporting Goods by 85.4% in the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after acquiring an additional 105 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in DICK’S Sporting Goods by 389.4% during the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after buying an additional 183 shares in the last quarter. Brooklyn Investment Group raised its holdings in DICK’S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock worth $52,000 after purchasing an additional 124 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in DICK’S Sporting Goods by 63.3% in the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after acquiring an additional 119 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of several recent research reports. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price target on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Finally, Loop Capital set a $215.00 price objective on DICK’S Sporting Goods and gave the company a “hold” rating in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $234.29.

DICK’S Sporting Goods Stock Performance

DKS opened at $217.76 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The firm has a market cap of $17.44 billion, a PE ratio of 15.21, a P/E/G ratio of 3.23 and a beta of 1.06. The business has a fifty day simple moving average of $224.52 and a 200-day simple moving average of $208.27. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

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, beating analysts’ consensus estimates 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 last year, the business earned $4.37 EPS. The firm’s revenue 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. As a group, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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

Insider Activity at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction on 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 directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 32.55% of the company’s stock.

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.