D.B. Root & Company LLC Increases Holdings in DICK’S Sporting Goods, Inc. $DKS

D.B. Root & Company LLC grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,953 shares of the sporting goods retailer’s stock after buying an additional 109 shares during the period. DICK’S Sporting Goods accounts for about 1.6% of D.B. Root & Company LLC’s holdings, making the stock its 13th largest holding. D.B. Root & Company LLC’s holdings in DICK’S Sporting Goods were worth $5,332,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. increased its position 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 worth $44,000 after purchasing an additional 72 shares in the last quarter. Fifth Third Bancorp increased its position 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 worth $195,000 after purchasing an additional 209 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of DICK’S Sporting Goods during the first quarter worth about $54,000. OneDigital Investment Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the first quarter worth about $214,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position 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 worth $3,279,000 after purchasing an additional 2,606 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DKS shares. DA Davidson set a $250.00 target price on DICK’S Sporting Goods in a research report on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Saturday, September 27th. The Goldman Sachs Group started coverage on DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price on the stock. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Finally, Bank of America cut their target price on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $232.05.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $231.98 on Monday. The stock has a market capitalization of $18.58 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 3.32 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock’s 50-day moving average price is $221.19 and its 200 day moving average price is $201.84. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm posted $4.37 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.1%. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

Insider Activity 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 that occurred 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 transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,720 shares of company stock worth $9,432,412 in the last quarter. 32.55% of the stock is currently owned by insiders.

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.