Federated Hermes Inc. Has $16.89 Million Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Federated Hermes Inc. trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 59.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,395 shares of the sporting goods retailer’s stock after selling 127,626 shares during the quarter. Federated Hermes Inc. owned 0.11% of DICK’S Sporting Goods worth $16,892,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in DICK’S Sporting Goods during the second quarter worth about $40,000. First Horizon Advisors Inc. increased 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 worth $45,000 after purchasing an additional 183 shares in the last quarter. Ancora Advisors LLC raised its holdings in 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 worth $46,000 after buying an additional 105 shares during the period. Brooklyn Investment Group raised its holdings in 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 worth $52,000 after buying an additional 124 shares during the period. Finally, Private Trust Co. NA lifted its stake in DICK’S Sporting Goods by 63.3% in the second quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after buying an additional 119 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction on Monday, September 29th. The shares were 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 of the company’s stock, valued at approximately $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 is available through this hyperlink. Insiders own 32.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Wells Fargo & Company upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. BNP Paribas set a $177.00 target price on DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, BNP Paribas Exane started coverage on DICK’S Sporting Goods in a research report on Friday, September 26th. They set an “underperform” rating and a $177.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $235.10.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $219.48 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The business has a 50-day moving average of $220.29 and a 200-day moving average of $211.82. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 3.33 and a beta of 1.17. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.62 by $0.16. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same period in the prior year, the firm 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 predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors 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 yield of 2.2%. The ex-dividend date is Friday, December 12th. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

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.