Optas LLC Makes New $228,000 Investment in DICK’S Sporting Goods, Inc. $DKS

Optas LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, Holdings Channel.com reports. The firm bought 1,150 shares of the sporting goods retailer’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS boosted its position in DICK’S Sporting Goods by 1.9% during the second quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the sporting goods retailer’s stock worth $4,194,000 after purchasing an additional 400 shares during the period. D.B. Root & Company LLC boosted its position in DICK’S Sporting Goods by 0.4% during the second quarter. D.B. Root & Company LLC now owns 26,953 shares of the sporting goods retailer’s stock worth $5,332,000 after purchasing an additional 109 shares during the period. Chung Wu Investment Group LLC bought a new position in DICK’S Sporting Goods during the second quarter worth about $178,000. Global Assets Advisory LLC bought a new position in DICK’S Sporting Goods during the second quarter worth about $533,000. Finally, OLD National Bancorp IN bought a new position in DICK’S Sporting Goods during the second quarter worth about $5,649,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 5.4%

Shares of DKS opened at $211.74 on Friday. The firm’s 50 day simple moving average is $222.22 and its 200 day simple moving average is $202.56. The company has a market capitalization of $16.96 billion, a P/E ratio of 14.79, a P/E/G ratio of 3.20 and a beta of 1.06. 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 announced its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. DICK’S Sporting Goods’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were 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 was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods 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 transaction, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 32.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DKS shares. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, July 30th. BNP Paribas set a $177.00 price target on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods in a report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Barclays increased their price target on shares of DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $232.05.

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.