Wealth Enhancement Advisory Services LLC Sells 27,008 Shares of DICK’S Sporting Goods, Inc. $DKS

Wealth Enhancement Advisory Services LLC decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 78.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,426 shares of the sporting goods retailer’s stock after selling 27,008 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in DICK’S Sporting Goods were worth $1,531,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA grew its holdings in shares of 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 last quarter. Golden State Wealth Management LLC grew its holdings in shares of 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 last quarter. Bessemer Group Inc. grew its holdings in shares of 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 last quarter. Ancora Advisors LLC grew its holdings in shares of 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of DICK’S Sporting Goods by 42.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 255 shares of the sporting goods retailer’s stock worth $51,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction that occurred on 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the sale, the executive vice president directly owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,467 shares of company stock valued at $5,374,805. 32.55% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $219.97 on Tuesday. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 3.27 and a beta of 1.02. The firm’s 50 day simple moving average is $220.04 and its 200 day simple moving average is $200.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

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 for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. DICK’S Sporting Goods’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DKS. Oppenheimer reissued an “outperform” rating and set a $270.00 price objective on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Wells Fargo & Company increased their price objective on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. UBS Group increased their price objective on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Bank of America decreased their price objective on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, June 24th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $232.05.

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.