DICK’S Sporting Goods, Inc. $DKS Holdings Boosted by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,695 shares of the sporting goods retailer’s stock after acquiring an additional 354 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in DICK’S Sporting Goods were worth $4,094,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DKS. Cerro Pacific Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the second quarter valued at approximately $286,000. Parallel Advisors LLC raised its stake in DICK’S Sporting Goods by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock valued at $132,000 after acquiring an additional 82 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in DICK’S Sporting Goods by 18.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock worth $3,279,000 after acquiring an additional 2,606 shares during the period. Mn Services Vermogensbeheer B.V. bought a new position in shares of DICK’S Sporting Goods in the second quarter worth $4,154,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of DICK’S Sporting Goods by 29.0% in the second quarter. Janney Montgomery Scott LLC now owns 26,912 shares of the sporting goods retailer’s stock worth $5,324,000 after purchasing an additional 6,053 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Down 1.6%

DKS stock opened at $216.48 on Friday. The firm has a market cap of $17.34 billion, a PE ratio of 15.12, a P/E/G ratio of 3.23 and a beta of 1.05. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $224.66 and a 200 day simple moving average of $208.76.

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 (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. During the same quarter in the previous year, the business posted $4.37 earnings per share. The firm’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 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 Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.2%. DICK’S Sporting Goods’s payout ratio is 33.87%.

Analysts Set New Price Targets

DKS has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of 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. Oppenheimer restated an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. BNP Paribas set a $177.00 price target on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a research note on Friday, September 26th. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Finally, Barclays boosted their target price on DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $234.29.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction 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 sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $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 is available at the SEC website. 32.55% of the stock is currently owned by corporate 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.