Alberta Investment Management Corp Buys New Position in DICK’S Sporting Goods, Inc. $DKS

Alberta Investment Management Corp acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,800 shares of the sporting goods retailer’s stock, valued at approximately $2,532,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oder Investment Management LLC grew its stake in shares of DICK’S Sporting Goods by 1.0% in the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock worth $1,060,000 after buying an additional 51 shares in the last quarter. US Bancorp DE lifted its holdings in shares of DICK’S Sporting Goods by 1.1% in 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 last quarter. Vontobel Holding Ltd. grew its position in DICK’S Sporting Goods by 2.0% in the second quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after acquiring an additional 58 shares in the last quarter. Private Advisor Group LLC increased its stake in DICK’S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock worth $292,000 after acquiring an additional 61 shares during the last quarter. Finally, PFG Investments LLC raised its position in DICK’S Sporting Goods by 5.7% during the second quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock valued at $232,000 after purchasing an additional 63 shares during the period. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $216.48 on Monday. 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 company has a 50 day moving average price of $224.66 and a 200-day moving average price of $208.90. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating 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 business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the business posted $4.37 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, September 12th. 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. JPMorgan Chase & Co. upped their target price on DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Truist Financial upped 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 lifted 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. Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a report on Friday, July 25th. Finally, Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $234.29.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods 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 transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 32.55% of the company’s stock.

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.