DAVENPORT & Co LLC Cuts Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

DAVENPORT & Co LLC trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,526 shares of the sporting goods retailer’s stock after selling 800 shares during the period. DAVENPORT & Co LLC’s holdings in DICK’S Sporting Goods were worth $698,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. grew 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 valued at $44,000 after acquiring an additional 72 shares in the last quarter. Fifth Third Bancorp grew its stake in DICK’S Sporting Goods by 27.5% during the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock valued at $195,000 after acquiring an additional 209 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in DICK’S Sporting Goods during the first quarter valued at $214,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in DICK’S Sporting Goods by 18.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock valued at $3,279,000 after acquiring an additional 2,606 shares in the last quarter. Finally, PFG Investments LLC grew its stake in shares of DICK’S Sporting Goods by 13.6% in the 1st quarter. PFG Investments LLC now owns 1,111 shares of the sporting goods retailer’s stock worth $224,000 after buying an additional 133 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other 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 shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their position. 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 DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, 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. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Trading Down 5.4%

Shares of DKS opened at $211.74 on Friday. 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 50-day moving average of $222.22 and a 200 day moving average of $202.53. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 3.03 and a beta of 1.06. 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 (NYSE:DKS) last announced its quarterly earnings data 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. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business posted $4.37 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 33.87%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DKS shares. JPMorgan Chase & Co. lifted 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 research note on Friday, August 29th. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 18th. Loop Capital set a $215.00 price objective on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Gordon Haskett raised shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research note on Friday, July 25th. Twelve 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $232.05.

DICK’S Sporting Goods 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.