Ethic Inc. Reduces Holdings in DICK’S Sporting Goods, Inc. $DKS

Ethic Inc. trimmed its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 26.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,631 shares of the sporting goods retailer’s stock after selling 584 shares during the period. Ethic Inc.’s holdings in DICK’S Sporting Goods were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DKS. Wellington Management Group LLP grew its position in shares of DICK’S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock valued at $570,370,000 after buying an additional 2,282,300 shares during the last quarter. Westfield Capital Management Co. LP grew its position in DICK’S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after purchasing an additional 599,025 shares during the last quarter. Vanguard Group Inc. grew its position in DICK’S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock worth $1,179,171,000 after purchasing an additional 471,217 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in DICK’S Sporting Goods during the 1st quarter worth $45,734,000. Finally, Invesco Ltd. grew its position in DICK’S Sporting Goods by 36.2% during the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after purchasing an additional 214,718 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 2.0%

DKS stock opened at $225.38 on Thursday. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a market capitalization of $18.05 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 3.29 and a beta of 1.06. 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 company has a fifty day moving average of $224.76 and a 200-day moving average of $205.92.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.61 billion. During the same quarter last year, the business earned $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. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 33.87%.

Insider Activity

In related news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were 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 $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Navdeep Gupta sold 13,334 shares of the firm’s 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 of the company’s stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on DKS shares. Morgan Stanley raised 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 report on Friday, August 29th. Oppenheimer reissued an “outperform” rating and set a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. JPMorgan Chase & Co. raised 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 report on Friday, August 29th. The Goldman Sachs Group started coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price objective on the stock. Finally, Telsey Advisory Group reissued 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 investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $234.29.

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.