CSM Advisors LLC Has $11.59 Million Stock Position in DICK’S Sporting Goods, Inc. $DKS

CSM Advisors LLC grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,592 shares of the sporting goods retailer’s stock after buying an additional 2,820 shares during the quarter. CSM Advisors LLC owned 0.07% of DICK’S Sporting Goods worth $11,591,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $40,000. First Horizon Advisors Inc. raised its stake in shares of DICK’S Sporting Goods by 389.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock valued at $45,000 after purchasing an additional 183 shares during the period. Ancora Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 85.4% in the first 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. Brooklyn Investment Group boosted its position in shares of DICK’S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock worth $52,000 after buying an additional 124 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of DICK’S Sporting Goods by 63.3% during the second quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after buying an additional 119 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $219.07 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $224.20 and its 200 day simple moving average is $207.68. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The company 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 company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research 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 firm 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. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

Analysts Set New Price Targets

Several equities research analysts have commented on DKS shares. JPMorgan Chase & Co. boosted their target price on DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. BNP Paribas set a $177.00 price objective on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a research report on Friday, September 26th. Wells Fargo & Company increased their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Loop Capital set a $215.00 price target on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. Finally, Citigroup raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Hold” and an average price target of $234.29.

Insider Buying and Selling

In other 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 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 approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the 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 in the company, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 32.55% of the company’s stock.

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.