EFG Asset Management North America Corp. Purchases 1,074 Shares of DICK’S Sporting Goods, Inc. $DKS

EFG Asset Management North America Corp. lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,067 shares of the sporting goods retailer’s stock after acquiring an additional 1,074 shares during the quarter. EFG Asset Management North America Corp.’s holdings in DICK’S Sporting Goods were worth $2,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of DICK’S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock valued at $570,370,000 after purchasing an additional 2,282,300 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in DICK’S Sporting Goods by 1,899.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock valued at $127,097,000 after buying an additional 599,025 shares during the last quarter. Vanguard Group Inc. boosted its position in DICK’S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock worth $1,179,171,000 after buying an additional 471,217 shares during the period. Champlain Investment Partners LLC bought a new stake in DICK’S Sporting Goods during the 1st quarter worth approximately $45,734,000. Finally, Invesco Ltd. grew its holdings in DICK’S Sporting Goods by 36.2% during the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after acquiring an additional 214,718 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DKS. Weiss Ratings upgraded shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. BNP Paribas set a $177.00 target price on DICK’S Sporting Goods and gave the stock an “underperform” rating in a research report on Friday, September 26th. Oppenheimer reiterated an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Wells Fargo & Company increased their price target on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Finally, Citigroup upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their target price for the company from $225.00 to $280.00 in a report on Tuesday, September 9th. Twelve equities research 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $234.29.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods 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 completion of the sale, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $219.00 on Thursday. The firm has a market capitalization of $17.54 billion, a P/E ratio of 15.29, a P/E/G ratio of 3.23 and a beta of 1.05. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a fifty day moving average of $224.03 and a 200-day moving average of $207.14. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

DICK’S Sporting Goods (NYSE:DKS) last posted 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 firm had revenue of $3.65 billion during 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%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 33.87%.

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.