DICK’S Sporting Goods, Inc. $DKS Shares Bought by Allworth Financial LP

Allworth Financial LP increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,341 shares of the sporting goods retailer’s stock after purchasing an additional 321 shares during the quarter. Allworth Financial LP’s holdings in DICK’S Sporting Goods were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DKS. Vanguard Group Inc. lifted its holdings in DICK’S Sporting Goods by 8.8% in 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 buying an additional 471,217 shares in the last quarter. Wellington Management Group LLP increased its position in shares of DICK’S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after acquiring an additional 2,282,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after acquiring an additional 17,534 shares during the last quarter. Invesco Ltd. lifted its stake in shares of DICK’S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after acquiring an additional 214,718 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in DICK’S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock valued at $127,097,000 after purchasing an additional 599,025 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Down 3.5%

Shares of DICK’S Sporting Goods stock opened at $208.79 on Tuesday. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 3.23 and a beta of 1.05. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The business’s 50 day simple moving average is $224.36 and its 200-day simple moving average is $209.05.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.37 EPS. 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 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is 33.87%.

Wall Street Analysts Forecast Growth

DKS has been the topic of several analyst reports. Loop Capital set a $215.00 price objective on DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. Truist Financial upped their price target on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 17th. UBS Group increased their price objective on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. boosted their target price 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. Finally, Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Hold” and an average target price of $234.29.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $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 can be accessed through this link. 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.