Mitsubishi UFJ Trust & Banking Corp Reduces Stake in DICK’S Sporting Goods, Inc. $DKS

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,578 shares of the sporting goods retailer’s stock after selling 7,170 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of DICK’S Sporting Goods worth $12,181,000 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 holdings in shares of DICK’S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock valued at $570,370,000 after acquiring an additional 2,282,300 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of DICK’S Sporting Goods by 1,899.2% during the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after purchasing an additional 599,025 shares during the last quarter. Vanguard Group Inc. lifted its position in DICK’S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the period. Champlain Investment Partners LLC purchased a new stake in DICK’S Sporting Goods in the first quarter valued at $45,734,000. Finally, Invesco Ltd. boosted its holdings in DICK’S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock valued at $162,924,000 after purchasing an additional 214,718 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DICK’S Sporting Goods 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 transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $216.48 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. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The business’s 50 day moving average is $224.66 and its two-hundred day moving average is $208.76. The company has a market capitalization of $17.34 billion, a P/E ratio of 15.12, a P/E/G ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results 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. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company posted $4.37 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DKS shares. Telsey Advisory Group reiterated an “outperform” rating and set a $255.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. BNP Paribas set a $177.00 price target on DICK’S Sporting Goods and gave the company an “underperform” rating in a research report on Friday, September 26th. Oppenheimer reissued an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Finally, Barclays lifted their target price on shares of DICK’S Sporting Goods from $232.00 to $246.00 and gave the company 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.