Geneos Wealth Management Inc. Has $130,000 Stock Position in DICK’S Sporting Goods, Inc. $DKS

Geneos Wealth Management Inc. grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 70.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 643 shares of the sporting goods retailer’s stock after buying an additional 265 shares during the quarter. Geneos Wealth Management Inc.’s holdings in DICK’S Sporting Goods were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DKS. Intech Investment Management LLC lifted its stake in DICK’S Sporting Goods by 0.9% in the first quarter. Intech Investment Management LLC now owns 52,003 shares of the sporting goods retailer’s stock valued at $10,482,000 after acquiring an additional 465 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in shares of DICK’S Sporting Goods in the 1st quarter valued at $470,000. SCS Capital Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the 1st quarter valued at $1,962,000. Optimize Financial Inc lifted its stake in shares of DICK’S Sporting Goods by 35.5% in the 1st quarter. Optimize Financial Inc now owns 3,298 shares of the sporting goods retailer’s stock valued at $665,000 after purchasing an additional 864 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of DICK’S Sporting Goods in the 1st quarter valued at $743,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert W. Eddy bought 1,357 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average price of $185.31 per share, for a total transaction of $251,465.67. Following the transaction, the director directly owned 4,768 shares of the company’s stock, valued at $883,558.08. This trade represents a 39.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the 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 sale, the executive vice president owned 74,444 shares of the company’s stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DKS shares. Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. 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 report on Friday, August 29th. Barclays boosted their target price on DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research note on Friday, July 25th. Finally, Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $235.83.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $222.95 on Thursday. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $17.86 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 3.19 and a beta of 1.02. The firm has a 50-day moving average price of $217.52 and a 200 day moving average price of $199.89.

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 (EPS) for the quarter, topping 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 firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business posted $4.37 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be 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 is 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.