IFP Advisors Inc Sells 180 Shares of DICK’S Sporting Goods, Inc. $DKS

IFP Advisors Inc cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 21.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 661 shares of the sporting goods retailer’s stock after selling 180 shares during the quarter. IFP Advisors Inc’s holdings in DICK’S Sporting Goods were worth $131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Oder Investment Management LLC lifted its position in shares of DICK’S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after acquiring an additional 51 shares during the period. US Bancorp DE lifted its position in shares of DICK’S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after acquiring an additional 53 shares during the period. Vontobel Holding Ltd. lifted its position in shares of DICK’S Sporting Goods by 2.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock valued at $588,000 after acquiring an additional 58 shares during the period. Private Advisor Group LLC lifted its position in shares of DICK’S Sporting Goods by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock valued at $292,000 after acquiring an additional 61 shares during the period. Finally, PFG Investments LLC lifted its position in shares of DICK’S Sporting Goods by 5.7% during the 2nd quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock valued at $232,000 after acquiring an additional 63 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was 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 in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the sale, the executive vice president owned 74,444 shares in the company, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is owned by corporate insiders.

DICK’S Sporting Goods Trading Down 0.8%

NYSE DKS opened at $228.50 on Friday. The business’s 50-day moving average price is $224.01 and its two-hundred day moving average price is $203.37. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The firm has a market capitalization of $18.30 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 3.28 and a beta of 1.06. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

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, beating 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 firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the company posted $4.37 EPS. The business’s revenue 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, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced 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 was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DKS. BNP Paribas set a $177.00 price target on DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. Truist Financial boosted their price target on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Barclays boosted their price target on DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $233.33.

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.