Osaic Holdings Inc. Purchases 9,866 Shares of DICK’S Sporting Goods, Inc. $DKS

Osaic Holdings Inc. raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 33.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,026 shares of the sporting goods retailer’s stock after purchasing an additional 9,866 shares during the period. Osaic Holdings Inc.’s holdings in DICK’S Sporting Goods were worth $7,783,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank acquired a new position in DICK’S Sporting Goods during the second quarter worth about $136,483,000. Cerro Pacific Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at approximately $286,000. Parallel Advisors LLC grew its holdings in shares of DICK’S Sporting Goods by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock valued at $132,000 after purchasing an additional 82 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in DICK’S Sporting Goods by 18.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock worth $3,279,000 after purchasing an additional 2,606 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in DICK’S Sporting Goods by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 172,389 shares of the sporting goods retailer’s stock valued at $34,101,000 after purchasing an additional 45,339 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $212.20 on Monday. The company has a market capitalization of $19.09 billion, a PE ratio of 17.07, a P/E/G ratio of 3.28 and a beta of 1.17. The company has a 50 day simple moving average of $218.33 and a two-hundred day simple moving average of $213.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. 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 earnings per share (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 net margin of 6.86% and a return on equity of 30.55%. The company’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a 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%.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s 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 transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DKS shares. UBS Group raised their price objective on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 29th. Barclays dropped their target price on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research report on Friday, November 28th. TD Cowen reduced their price target on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Wells Fargo & Company raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. Finally, Oppenheimer reiterated an “outperform” rating and set a $270.00 target price on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $235.10.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.