1832 Asset Management L.P. Reduces Position in DICK’S Sporting Goods, Inc. $DKS

1832 Asset Management L.P. lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 66.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,620 shares of the sporting goods retailer’s stock after selling 45,150 shares during the quarter. 1832 Asset Management L.P.’s holdings in DICK’S Sporting Goods were worth $4,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the last quarter. Wellington Management Group LLP grew its stake in DICK’S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after buying an additional 2,282,300 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in DICK’S Sporting Goods by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after buying an additional 17,534 shares during the last quarter. Invesco Ltd. increased its position in 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 buying an additional 214,718 shares during the period. Finally, Norges Bank bought a new stake in DICK’S Sporting Goods in the second quarter valued at $136,483,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 2.8%

DICK’S Sporting Goods stock opened at $232.31 on Friday. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a market cap of $18.61 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.45 and a beta of 1.17. The company’s fifty day simple moving average is $220.65 and its 200-day simple moving average is $210.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The firm’s revenue was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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 issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

Wall Street Analyst Weigh In

A number of research firms have commented on DKS. Oppenheimer restated an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Weiss Ratings raised DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Telsey Advisory Group cut 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 report on Wednesday, November 26th. Wells Fargo & Company increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Finally, Morgan Stanley lifted their price target on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $235.10.

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 the 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 completion of the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.