Cetera Investment Advisers Cuts Stock Position in DICK’S Sporting Goods, Inc. $DKS

Cetera Investment Advisers trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,362 shares of the sporting goods retailer’s stock after selling 4,600 shares during the period. Cetera Investment Advisers’ holdings in DICK’S Sporting Goods were worth $1,852,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DKS. Oder Investment Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 1.0% in 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 acquiring an additional 51 shares in the last quarter. US Bancorp DE lifted its position in DICK’S Sporting Goods by 1.1% in the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after purchasing an additional 53 shares during the period. Vontobel Holding Ltd. boosted its holdings in 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 valued at $588,000 after purchasing an additional 58 shares in the last quarter. PFG Investments LLC increased its position in DICK’S Sporting Goods by 5.7% during the 2nd quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock worth $232,000 after purchasing an additional 63 shares during the period. Finally, Compound Planning Inc. raised its stake in shares of DICK’S Sporting Goods by 5.7% during the 1st quarter. Compound Planning Inc. now owns 1,291 shares of the sporting goods retailer’s stock worth $260,000 after buying an additional 70 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Down 0.5%

NYSE:DKS opened at $206.40 on Monday. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week 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 stock has a fifty day simple moving average of $221.24 and a 200-day simple moving average of $209.68. The company has a market capitalization of $16.53 billion, a PE ratio of 14.41, 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 Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates 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 firm 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 earned $2.75 EPS. The firm’s revenue was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be paid a dividend of $1.2125 per share. 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 39.02%.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of analyst reports. TD Cowen decreased their price target on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Morgan Stanley raised their target price on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Barclays decreased their target price on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group increased their price target on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, Wells Fargo & Company boosted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus price target of $235.10.

Insider Activity

In related 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 32.55% of the stock is owned by corporate insiders.

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.