IFM Investors Pty Ltd Raises Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

IFM Investors Pty Ltd boosted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,079 shares of the sporting goods retailer’s stock after buying an additional 1,265 shares during the quarter. IFM Investors Pty Ltd’s holdings in DICK’S Sporting Goods were worth $2,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DKS. Park Square Financial Group LLC purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $27,000. Private Trust Co. NA boosted its stake in 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 worth $38,000 after purchasing an additional 66 shares during the period. Golden State Wealth Management LLC boosted its stake in 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 purchasing an additional 201 shares during the period. Bessemer Group Inc. boosted its stake in 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 worth $44,000 after purchasing an additional 72 shares during the period. Finally, Ancora Advisors LLC boosted 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 during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the subject of a number of research reports. UBS Group increased their target price on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 29th. DA Davidson set a $250.00 target price on DICK’S Sporting Goods in a research note on Friday, August 29th. Bank of America reduced their target price on 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. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Finally, Wells Fargo & Company raised their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $235.83.

DICK’S Sporting Goods Price Performance

DKS stock opened at $219.84 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $17.61 billion, a PE ratio of 15.35, a P/E/G ratio of 3.18 and a beta of 1.02. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The business’s fifty day moving average price is $218.23 and its 200 day moving average price is $199.86.

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 the consensus estimate 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 firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the business earned $4.37 EPS. 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. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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

Insider Buying and Selling at DICK’S Sporting Goods

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the transaction, the senior vice president directly owned 12,465 shares of the company’s stock, valued at approximately $2,550,962.25. This represents a 12.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the company’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the sale, the executive vice president directly owned 19,165 shares of the company’s stock, valued at approximately $3,583,855. This trade represents a 15.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,200 shares of company stock worth $14,462,923. Corporate 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.