DICK’S Sporting Goods, Inc. $DKS Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 170.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,161 shares of the sporting goods retailer’s stock after buying an additional 2,623 shares during the period. Stratos Wealth Partners LTD.’s holdings in DICK’S Sporting Goods were worth $823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DKS. Private Trust Co. NA boosted its holdings in shares of DICK’S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after acquiring an additional 66 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in DICK’S Sporting Goods by 1,435.7% during the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 201 shares in the last quarter. Bessemer Group Inc. lifted its position in DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock worth $44,000 after purchasing an additional 72 shares during the period. Ancora Advisors LLC boosted its stake in DICK’S Sporting Goods by 85.4% during 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 position in shares of DICK’S Sporting Goods by 91.2% during 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 during the period. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DKS has been the topic of several research reports. DA Davidson boosted their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group began coverage on shares of DICK’S Sporting Goods in a report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price for the company. Truist Financial upped their price target on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 17th. BNP Paribas set a $177.00 price objective on DICK’S Sporting Goods and gave the company an “underperform” rating in a research report on Friday, September 26th. Finally, Weiss Ratings raised DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $234.29.

DICK’S Sporting Goods Stock Up 0.2%

NYSE:DKS opened at $228.20 on Thursday. The business’s fifty day moving average price is $224.43 and its 200 day moving average price is $204.14. The firm has a market capitalization of $18.28 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 3.26 and a beta of 1.06. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. 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 data 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. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business earned $4.37 EPS. The company’s revenue for the quarter 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. On average, 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $1.2125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Insiders Place Their Bets

In related news, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction on 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 directly owned 74,444 shares in the company, valued at approximately $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, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 32.55% of the stock is currently owned by insiders.

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.