DICK’S Sporting Goods, Inc. $DKS Shares Sold by Burney Co.

Burney Co. cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 57,498 shares of the sporting goods retailer’s stock after selling 3,786 shares during the period. Burney Co. owned 0.07% of DICK’S Sporting Goods worth $12,777,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DKS. Atreides Management LP acquired a new position in DICK’S Sporting Goods in the second quarter valued at $172,715,000. Norges Bank acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $136,483,000. Browning West LP purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth about $115,719,000. Marshall Wace LLP boosted its position in shares of DICK’S Sporting Goods by 208.3% in the second quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock worth $122,639,000 after acquiring an additional 418,872 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in DICK’S Sporting Goods in the second quarter valued at approximately $64,693,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer 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 filing with the SEC, which is available through the SEC website. 32.55% of the stock is owned by company insiders.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $210.35 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The business has a 50-day moving average of $216.22 and a 200-day moving average of $214.36. 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 company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 3.30 and a beta of 1.17.

DICK’S Sporting Goods (NYSE:DKS) last announced its 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 business 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 company’s revenue was up 36.3% on a year-over-year basis. During the same period last year, the business posted $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BNP Paribas set a $177.00 price target on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a research note on Friday, September 26th. The Goldman Sachs Group initiated coverage on DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 target price on the stock. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $280.00 in a research report on Tuesday, September 9th. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Finally, Telsey Advisory Group reduced their price objective on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $235.10.

DICK’S Sporting Goods 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.