Achmea Investment Management B.V. Has $1.84 Million Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Achmea Investment Management B.V. lowered its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 37.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,309 shares of the sporting goods retailer’s stock after selling 5,513 shares during the quarter. Achmea Investment Management B.V.’s holdings in DICK’S Sporting Goods were worth $1,842,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DKS. Cerro Pacific Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at $286,000. OneDigital Investment Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the 1st quarter worth about $214,000. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of DICK’S Sporting Goods by 18.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock worth $3,279,000 after purchasing an additional 2,606 shares during the period. Mn Services Vermogensbeheer B.V. acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at about $4,154,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of DICK’S Sporting Goods by 29.0% in the second quarter. Janney Montgomery Scott LLC now owns 26,912 shares of the sporting goods retailer’s stock valued at $5,324,000 after buying an additional 6,053 shares during the period. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $219.07 on Friday. 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 fifty day moving average price is $224.20 and its two-hundred day moving average price is $207.50. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (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 company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business earned $4.37 earnings per share. 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 predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays upped their price target on DICK’S Sporting Goods from $232.00 to $246.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Truist Financial boosted their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. DA Davidson raised their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Citigroup upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $280.00 in a research note on Tuesday, September 9th. Finally, The Goldman Sachs Group began coverage on shares of DICK’S Sporting Goods in a report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Hold” and an average price target of $234.29.

Insider Activity at DICK’S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction that occurred on 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the business’s 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 transaction, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 32.55% of the company’s stock.

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.