Vest Financial LLC Raises Holdings in DICK’S Sporting Goods, Inc. $DKS

Vest Financial LLC boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 38.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,405 shares of the sporting goods retailer’s stock after purchasing an additional 5,636 shares during the period. Vest Financial LLC’s holdings in DICK’S Sporting Goods were worth $4,036,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in DICK’S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in DICK’S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. Bessemer Group Inc. increased its holdings in DICK’S Sporting Goods by 49.3% in 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 in the last quarter. Ancora Advisors LLC increased its holdings in DICK’S Sporting Goods by 85.4% in the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock valued at $46,000 after purchasing an additional 105 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in DICK’S Sporting Goods by 91.2% in the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after purchasing an additional 124 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price target on DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Barclays raised their target price on DICK’S Sporting Goods from $232.00 to $246.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Morgan Stanley raised their target price on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Bank of America lowered their target price 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. Finally, UBS Group raised their target price on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $232.05.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $230.02 on Tuesday. 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, Inc. has a one year low of $166.37 and a one year high of $254.60. The company’s 50-day simple moving average is $222.64 and its 200-day simple moving average is $202.67. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 3.03 and a beta of 1.06.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results 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 net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the company posted $4.37 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 33.87%.

Insider Activity

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president owned 74,444 shares of the company’s stock, valued at $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 32.55% of the company’s stock.

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.