DICK’S Sporting Goods, Inc. $DKS Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,987 shares of the sporting goods retailer’s stock after selling 6,362 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.48% of DICK’S Sporting Goods worth $76,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DKS. Atlantic Union Bankshares Corp acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at approximately $40,000. First Horizon Advisors Inc. boosted its stake in DICK’S Sporting Goods by 389.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock valued at $45,000 after purchasing an additional 183 shares in the last quarter. Ancora Advisors LLC increased its position in shares of DICK’S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock valued at $46,000 after purchasing an additional 105 shares during the period. Brooklyn Investment Group increased its position in shares of DICK’S Sporting Goods by 91.2% during the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after purchasing an additional 124 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of DICK’S Sporting Goods by 63.3% in the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after buying an additional 119 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DKS has been the subject of several research reports. Telsey Advisory Group decreased their target price on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday. DA Davidson reduced their price objective on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday. Robert W. Baird set a $226.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday. Citigroup raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Finally, Wells Fargo & Company lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $235.10.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $206.40 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a market cap of $16.53 billion, a PE ratio of 14.41, a PEG ratio of 3.23 and a beta of 1.05. The stock’s 50-day moving average price is $221.24 and its two-hundred day moving average price is $209.68.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the firm posted $2.75 earnings per share. The firm’s quarterly 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. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is presently 39.02%.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 299,990 shares of the company’s stock, 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 filing with the SEC, which is available at this link. 32.55% of the stock is currently owned by company insiders.

About DICK’S Sporting Goods

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.