SCS Capital Management LLC Buys Shares of 9,725 DICK’S Sporting Goods, Inc. $DKS

SCS Capital Management LLC bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,725 shares of the sporting goods retailer’s stock, valued at approximately $1,962,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DKS. Bessemer Group Inc. increased its position in shares of DICK’S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. Fifth Third Bancorp boosted its stake in DICK’S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock worth $195,000 after buying an additional 209 shares in the last quarter. NBC Securities Inc. purchased a new stake in DICK’S Sporting Goods in the first quarter worth approximately $54,000. Janus Henderson Group PLC boosted its stake in DICK’S Sporting Goods by 15.9% in the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock worth $2,664,000 after buying an additional 1,594 shares in the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new stake in DICK’S Sporting Goods in the first quarter worth approximately $214,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Robert W. Eddy acquired 1,357 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average price of $185.31 per share, with a total value of $251,465.67. Following the completion of the purchase, the director directly owned 4,768 shares in the company, valued at approximately $883,558.08. The trade was a 39.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the transaction, the executive vice president directly owned 19,165 shares in the company, valued at approximately $3,583,855. This represents a 15.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock worth $14,462,923 in the last quarter. 32.55% of the stock is currently owned by insiders.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $220.53 on Wednesday. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a 50-day moving average of $215.40 and a 200 day moving average of $199.63. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 3.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping the consensus estimate of $4.30 by $0.08. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the company earned $4.37 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $1.2125 per share. The ex-dividend date is Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. DICK’S Sporting Goods’s payout ratio is 33.87%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DKS. JPMorgan Chase & Co. upped their target price on DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Oppenheimer reissued an “outperform” rating and set a $270.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. UBS Group raised their price target on DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Bank of America dropped their price target on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, June 24th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $235.83.

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.