DekaBank Deutsche Girozentrale Sells 2,429 Shares of DICK’S Sporting Goods, Inc. $DKS

DekaBank Deutsche Girozentrale decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,637 shares of the sporting goods retailer’s stock after selling 2,429 shares during the period. DekaBank Deutsche Girozentrale’s holdings in DICK’S Sporting Goods were worth $2,743,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Wendell David Associates Inc. boosted its stake in shares of DICK’S Sporting Goods by 2.0% in the second quarter. Wendell David Associates Inc. now owns 8,703 shares of the sporting goods retailer’s stock worth $1,722,000 after acquiring an additional 170 shares during the period. Stratos Wealth Partners LTD. boosted its stake in DICK’S Sporting Goods by 170.5% during the second quarter. Stratos Wealth Partners LTD. now owns 4,161 shares of the sporting goods retailer’s stock valued at $823,000 after buying an additional 2,623 shares during the last quarter. Private Trust Co. NA boosted its stake in DICK’S Sporting Goods by 63.3% during the second quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after buying an additional 119 shares during the last quarter. Sage Private Wealth Group LLC bought a new position in DICK’S Sporting Goods during the second quarter valued at approximately $351,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in DICK’S Sporting Goods by 123.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,248 shares of the sporting goods retailer’s stock valued at $1,631,000 after buying an additional 4,563 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 1.1%

Shares of NYSE DKS opened at $225.35 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 business’s 50 day moving average price is $224.55 and its 200-day moving average price is $205.10. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 3.22 and a beta of 1.06.

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 for the quarter, topping the consensus estimate 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 the consensus estimate of $3.61 billion. During the same period in the prior year, the business posted $4.37 earnings per share. The company’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, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DKS. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. 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. Barclays increased their price target on DICK’S Sporting Goods from $232.00 to $246.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $255.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, September 19th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $234.29.

Insider Activity at DICK’S Sporting Goods

In other 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 value of $3,000,150.00. Following the sale, the executive vice president directly owned 74,444 shares in the company, valued at approximately $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 can be accessed 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 completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company’s stock.

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.