Ameritas Investment Partners Inc. Sells 426 Shares of DICK’S Sporting Goods, Inc. $DKS

Ameritas Investment Partners Inc. trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,277 shares of the sporting goods retailer’s stock after selling 426 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in DICK’S Sporting Goods were worth $2,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Oder Investment Management LLC lifted its position in shares of DICK’S Sporting Goods by 1.0% during the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after purchasing an additional 51 shares in the last quarter. US Bancorp DE lifted its position in shares of DICK’S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock worth $955,000 after buying an additional 53 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of DICK’S Sporting Goods by 2.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after buying an additional 58 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of DICK’S Sporting Goods by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock worth $292,000 after buying an additional 61 shares during the last quarter. Finally, PFG Investments LLC grew its holdings in shares of DICK’S Sporting Goods by 5.7% in the second quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock valued at $232,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS opened at $206.67 on Wednesday. The firm has a 50-day moving average price of $222.27 and a 200-day moving average price of $209.77. 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 quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.07. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the company posted $2.75 EPS. DICK’S Sporting Goods’s revenue was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities 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 declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 33.87%.

Analyst Ratings Changes

A number of brokerages recently commented on DKS. Truist Financial lifted their price target on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Barclays lifted their target price on DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price target on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. The Goldman Sachs Group initiated coverage on shares of DICK’S Sporting Goods in a report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price objective for the company. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $255.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, November 20th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Hold” and an average target price 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.