HB Wealth Management LLC Sells 320 Shares of DICK’S Sporting Goods, Inc. $DKS

HB Wealth Management LLC lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 20.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,268 shares of the sporting goods retailer’s stock after selling 320 shares during the period. HB Wealth Management LLC’s holdings in DICK’S Sporting Goods were worth $251,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA raised its holdings 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 acquiring an additional 66 shares in the last quarter. Golden State Wealth Management LLC raised its holdings 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 acquiring an additional 201 shares in the last quarter. Bessemer Group Inc. increased its position 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. Ancora Advisors LLC increased its position in DICK’S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after buying an additional 105 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in DICK’S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock worth $52,000 after buying an additional 124 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 2.3%

Shares of NYSE:DKS opened at $224.66 on Wednesday. The company has a market capitalization of $17.99 billion, a P/E ratio of 15.69, a P/E/G ratio of 3.29 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The business’s 50 day simple moving average is $221.59 and its 200 day simple moving average is $202.24.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping 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%.The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

Insider Buying and Selling

In related news, 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 transaction of $3,000,150.00. Following the sale, the executive vice president owned 74,444 shares of the company’s stock, valued at $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. This represents 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 worth $9,432,412 in the last three months. 32.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DKS shares. JPMorgan Chase & Co. boosted their price target on DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Oppenheimer reissued an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. BNP Paribas Exane started coverage on DICK’S Sporting Goods in a research report on Friday, September 26th. They set an “underperform” rating and a $177.00 price target on the stock. The Goldman Sachs Group started coverage on DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price target on the stock. Finally, BNP Paribas set a $177.00 price target on DICK’S Sporting Goods and gave the stock an “underperform” rating in a research report on Friday, September 26th. Eleven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.