DICK’S Sporting Goods, Inc. $DKS Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,151 shares of the sporting goods retailer’s stock after purchasing an additional 125 shares during the quarter. QRG Capital Management Inc.’s holdings in DICK’S Sporting Goods were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of DICK’S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock worth $1,179,171,000 after purchasing an additional 471,217 shares during the period. Wellington Management Group LLP grew its stake in shares of DICK’S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after purchasing an additional 2,282,300 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of DICK’S Sporting Goods by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after purchasing an additional 17,534 shares during the period. Invesco Ltd. grew its stake in shares of DICK’S Sporting Goods by 36.2% during the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after purchasing an additional 214,718 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in shares of DICK’S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after purchasing an additional 599,025 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DKS shares. Loop Capital set a $215.00 price objective on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. Bank of America lowered their price objective on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, DA Davidson set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Hold” and an average price target of $232.05.

DICK’S Sporting Goods Stock Up 1.1%

Shares of NYSE:DKS opened at $227.35 on Thursday. 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, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a 50 day moving average of $221.87 and a two-hundred day moving average of $202.42. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 3.22 and a beta of 1.06.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company earned $4.37 earnings per share. DICK’S Sporting Goods’s revenue for the quarter 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, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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

Insiders Place Their Bets

In other DICK’S Sporting Goods news, 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 sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $3,000,150.00. Following the completion of the sale, the executive vice president owned 74,444 shares in the company, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 32.55% of the company’s stock.

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.