UMB Bank n.a. Reduces Position in DICK’S Sporting Goods, Inc. $DKS

UMB Bank n.a. reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 515 shares of the sporting goods retailer’s stock after selling 115 shares during the period. UMB Bank n.a.’s holdings in DICK’S Sporting Goods were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DKS. Park Square Financial Group LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $27,000. Private Trust Co. NA lifted its position in DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after buying an additional 66 shares in the last quarter. Golden State Wealth Management LLC lifted its position in DICK’S Sporting Goods by 1,435.7% during the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock worth $43,000 after buying an additional 201 shares in the last quarter. Bessemer Group Inc. boosted its stake in DICK’S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock worth $44,000 after buying an additional 72 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings 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 valued at $46,000 after buying an additional 105 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on DKS. Oppenheimer reiterated an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Truist Financial lifted their price target on shares of DICK’S Sporting Goods from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Morgan Stanley increased their price objective on DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $237.84.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 1,026 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $203.50, for a total transaction of $208,791.00. Following the sale, the executive vice president directly owned 18,139 shares in the company, valued at $3,691,286.50. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,659 shares of company stock worth $13,800,756 over the last ninety days. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $230.39 on Thursday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The company has a 50 day moving average price of $219.25 and a 200 day moving average price of $200.27. The stock has a market capitalization of $18.45 billion, a P/E ratio of 16.09, a PEG ratio of 3.28 and a beta of 1.02.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 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 for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the firm earned $4.37 earnings per share. The firm’s 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. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared 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 2.1%. The ex-dividend date of this dividend is Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

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.