DekaBank Deutsche Girozentrale Sells 2,429 Shares of DICK’S Sporting Goods, Inc. $DKS

DekaBank Deutsche Girozentrale cut its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.1% in the second quarter, HoldingsChannel reports. The firm owned 13,637 shares of the sporting goods retailer’s stock after selling 2,429 shares during the period. DekaBank Deutsche Girozentrale’s holdings in DICK’S Sporting Goods were worth $2,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of DICK’S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after acquiring an additional 66 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of DICK’S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 201 shares during the period. Bessemer Group Inc. increased its holdings in shares of DICK’S Sporting Goods by 49.3% in the 1st 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 period. Ancora Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 85.4% in the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock valued at $46,000 after acquiring an additional 105 shares during the period. Finally, Brooklyn Investment Group increased its holdings in shares of DICK’S Sporting Goods by 91.2% in the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after acquiring an additional 124 shares during the period. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Citigroup upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $280.00 in a research note on Tuesday, September 9th. UBS Group boosted their target price on DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Telsey Advisory Group restated an “outperform” rating and set a $255.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. Finally, Truist Financial boosted their target price on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $234.29.

DICK’S Sporting Goods Stock Down 1.1%

DICK’S Sporting Goods stock opened at $225.35 on Friday. 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 business’s 50-day simple moving average is $224.55 and its two-hundred day simple moving average is $205.10. The company has a market cap of $18.05 billion, a PE ratio of 15.74, a PEG ratio of 3.22 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.

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

DICK’S Sporting Goods Announces Dividend

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. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

Insider Activity

In other news, EVP Navdeep Gupta sold 13,334 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 74,444 shares of the company’s stock, valued at $16,749,900. The trade was a 15.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were 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 of the company’s stock, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 32.55% of the company’s stock.

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.