DICK’S Sporting Goods, Inc. $DKS Holdings Trimmed by Tensile Capital Management LP

Tensile Capital Management LP cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,844 shares of the sporting goods retailer’s stock after selling 48,000 shares during the quarter. DICK’S Sporting Goods accounts for 9.7% of Tensile Capital Management LP’s portfolio, making the stock its 2nd biggest holding. Tensile Capital Management LP owned 0.47% of DICK’S Sporting Goods worth $76,360,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $27,000. Private Trust Co. NA raised its stake in DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after purchasing an additional 66 shares during the period. Golden State Wealth Management LLC raised its position 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 worth $43,000 after buying an additional 201 shares during the period. Bessemer Group Inc. boosted its holdings in DICK’S Sporting Goods by 49.3% in 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. Finally, Ancora Advisors LLC boosted its holdings 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 valued at $46,000 after acquiring an additional 105 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Robert W. Eddy purchased 1,357 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were acquired at an average price of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the purchase, the director owned 4,768 shares in the company, valued at $883,558.08. The trade was a 39.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the sale, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock worth $14,462,923 over the last quarter. Company insiders own 32.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America dropped their price target on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, June 24th. Telsey Advisory Group reissued an “outperform” rating and set a $255.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, August 28th. Wells Fargo & Company raised their price target on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Citigroup reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $232.50.

DICK’S Sporting Goods Stock Down 0.3%

NYSE DKS opened at $221.39 on Friday. The stock has a market cap of $17.72 billion, a PE ratio of 15.46, a P/E/G ratio of 3.17 and a beta of 1.02. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The business has a 50 day moving average price of $214.60 and a two-hundred day moving average price of $199.72. 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 posted its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $4.37 earnings per share. The business’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, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

About DICK’S Sporting Goods

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.