State of Alaska Department of Revenue Sells 420 Shares of DICK’S Sporting Goods, Inc. $DKS

State of Alaska Department of Revenue cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,364 shares of the sporting goods retailer’s stock after selling 420 shares during the period. State of Alaska Department of Revenue’s holdings in DICK’S Sporting Goods were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in DICK’S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock worth $1,179,171,000 after acquiring an additional 471,217 shares in the last quarter. Wellington Management Group LLP lifted its holdings in DICK’S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after acquiring an additional 2,282,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in DICK’S Sporting Goods by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after acquiring an additional 17,534 shares in the last quarter. Invesco Ltd. lifted its holdings in DICK’S Sporting Goods by 36.2% during the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after acquiring an additional 214,718 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in DICK’S Sporting Goods by 1,899.2% during the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after acquiring an additional 599,025 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods 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 completion of the transaction, the executive vice president owned 74,444 shares in the company, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer owned 299,990 shares of the company’s stock, valued at $66,204,793.10. The trade was a 6.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,720 shares of company stock valued at $9,432,412 in the last quarter. 32.55% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $231.98 on Friday. 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 stock’s 50-day simple moving average is $221.19 and its 200 day simple moving average is $201.77. The company has a market cap of $18.58 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.32 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) 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 return on equity of 36.54% and a net margin of 8.52%.DICK’S Sporting Goods’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous 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 forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $1.2125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. DICK’S Sporting Goods’s payout ratio is currently 33.87%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on 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. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Saturday, September 27th. BNP Paribas set a $177.00 price target on DICK’S Sporting Goods and gave the company an “underperform” rating in a research note on Friday, September 26th. UBS Group lifted their price target on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $255.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Hold” and an average target price of $232.05.

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.