Senvest Management LLC Invests $7.91 Million in DICK’S Sporting Goods, Inc. $DKS

Senvest Management LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 40,000 shares of the sporting goods retailer’s stock, valued at approximately $7,912,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth $40,000. First Horizon Advisors Inc. raised its holdings in DICK’S Sporting Goods by 389.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock valued at $45,000 after acquiring an additional 183 shares during the last quarter. Ancora Advisors LLC lifted its stake in 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 worth $46,000 after purchasing an additional 105 shares in the last quarter. Brooklyn Investment Group lifted its stake in 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 worth $52,000 after purchasing an additional 124 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of DICK’S Sporting Goods by 63.3% during the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In related news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value 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 represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 32.55% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of a number of analyst reports. The Goldman Sachs Group assumed coverage on DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price objective on the stock. UBS Group increased their price target on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 29th. DA Davidson lifted their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company boosted their price objective 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. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $234.29.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $208.79 on Tuesday. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 3.23 and a beta of 1.05. The firm’s fifty day simple moving average is $224.36 and its 200-day simple moving average is $209.05. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $4.37 EPS. 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. Equities analysts forecast 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. Shareholders of record on Friday, September 12th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

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.