Penserra Capital Management LLC Has $854,000 Stock Position in DICK’S Sporting Goods, Inc. $DKS

Penserra Capital Management LLC reduced its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,322 shares of the sporting goods retailer’s stock after selling 735 shares during the quarter. Penserra Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DKS. Atlantic Union Bankshares Corp acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $40,000. First Horizon Advisors Inc. boosted its stake in DICK’S Sporting Goods by 389.4% in the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock valued at $45,000 after acquiring an additional 183 shares during the last quarter. Ancora Advisors LLC boosted its stake in 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 acquiring an additional 105 shares during the last quarter. Brooklyn Investment Group grew its holdings in 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 worth $52,000 after acquiring an additional 124 shares during the period. Finally, Private Trust Co. NA raised its position in shares of DICK’S Sporting Goods by 63.3% during the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after acquiring an additional 119 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of the 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 completion of the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.55% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Price Performance

DKS stock opened at $217.76 on Wednesday. The stock has a 50-day moving average price of $224.52 and a two-hundred day moving average price of $208.27. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market cap of $17.44 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 3.23 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 (NYSE:DKS) last posted its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.DICK’S Sporting Goods’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 33.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Morgan Stanley raised their target price on DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Oppenheimer restated an “outperform” rating and set a $270.00 target price on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. UBS Group upped their price target 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. Finally, Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $234.29.

About DICK’S Sporting Goods

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.