Parallel Advisors LLC Grows Position in DICK’S Sporting Goods, Inc. $DKS

Parallel Advisors LLC increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 667 shares of the sporting goods retailer’s stock after acquiring an additional 82 shares during the quarter. Parallel Advisors LLC’s holdings in DICK’S Sporting Goods were worth $132,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Oder Investment Management LLC boosted its position in shares of DICK’S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after acquiring an additional 51 shares during the last quarter. US Bancorp DE lifted its position in DICK’S Sporting Goods by 1.1% in the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock worth $955,000 after buying an additional 53 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its position in DICK’S Sporting Goods by 4.9% in the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer’s stock worth $258,000 after buying an additional 60 shares during the last quarter. Private Advisor Group LLC increased its stake in DICK’S Sporting Goods by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock worth $292,000 after purchasing an additional 61 shares during the period. Finally, Private Trust Co. NA increased 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. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 4.3%

DICK’S Sporting Goods stock opened at $228.77 on Wednesday. The stock has a market cap of $18.32 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 3.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a fifty day moving average of $218.68 and a 200 day moving average of $200.07.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.DICK’S Sporting Goods’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.37 earnings per share. 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 year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is 33.87%.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 1,026 shares of the company’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $203.50, for a total transaction of $208,791.00. Following the completion of the sale, the executive vice president owned 18,139 shares in the company, valued at approximately $3,691,286.50. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Eddy purchased 1,280 shares of DICK’S Sporting Goods stock in a transaction on Thursday, June 26th. The stock was bought at an average price of $194.99 per share, with a total value of $249,587.20. Following the transaction, the director owned 6,048 shares of the company’s stock, valued at approximately $1,179,299.52. This represents a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 69,200 shares of company stock valued at $14,462,923 in the last 90 days. 32.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on DKS shares. Barclays lifted their price target on DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Truist Financial lifted their price target on 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. Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group started coverage on DICK’S Sporting Goods in a research note on Tuesday. They issued a “buy” rating and a $274.00 price target on the stock. Finally, DA Davidson set a $250.00 price target on DICK’S Sporting Goods in a research note on Friday, August 29th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $237.84.

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.