North Star Investment Management Corp. Sells 132 Shares of DICK’S Sporting Goods, Inc. $DKS

North Star Investment Management Corp. trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 20.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 501 shares of the sporting goods retailer’s stock after selling 132 shares during the period. North Star Investment Management Corp.’s holdings in DICK’S Sporting Goods were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DKS. Toronto Dominion Bank grew its stake in shares of DICK’S Sporting Goods by 6.5% in the fourth quarter. Toronto Dominion Bank now owns 7,801 shares of the sporting goods retailer’s stock worth $1,785,000 after acquiring an additional 479 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $6,483,000. Park Square Financial Group LLC purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $27,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of DICK’S Sporting Goods by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,688 shares of the sporting goods retailer’s stock worth $2,217,000 after acquiring an additional 970 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of DICK’S Sporting Goods by 2.2% during the fourth quarter. California State Teachers Retirement System now owns 76,354 shares of the sporting goods retailer’s stock valued at $17,473,000 after purchasing an additional 1,631 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DKS. BNP Paribas Exane started coverage on DICK’S Sporting Goods in a research note on Friday. They issued an “underperform” rating and a $177.00 price objective on the stock. Truist Financial lifted their target price on DICK’S Sporting Goods from $230.00 to $248.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Telsey Advisory Group reissued an “outperform” rating and set a $255.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. Finally, The Goldman Sachs Group started coverage on DICK’S Sporting Goods in a research note on Tuesday. They set a “buy” rating and a $274.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and a consensus price target of $232.05.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $228.34 on Friday. The stock has a market capitalization of $18.29 billion, a PE ratio of 15.95, a P/E/G ratio of 3.23 and a beta of 1.02. The business has a 50 day simple moving average of $219.95 and a two-hundred day simple moving average of $200.57. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.30 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research analysts predict 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, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the transaction, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Elizabeth H. Baran sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total value of $374,509.50. Following the transaction, the senior vice president owned 12,465 shares of the company’s stock, valued at $2,550,962.25. This represents a 12.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,467 shares of company stock valued at $5,374,805 in the last 90 days. 32.55% of the stock is currently owned by company insiders.

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.