Rhumbline Advisers Decreases Position in DICK’S Sporting Goods, Inc. $DKS

Rhumbline Advisers decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,455 shares of the sporting goods retailer’s stock after selling 6,968 shares during the quarter. Rhumbline Advisers’ holdings in DICK’S Sporting Goods were worth $30,355,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Cerro Pacific Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at approximately $286,000. Parallel Advisors LLC grew its position 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 worth $132,000 after purchasing an additional 82 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew 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 purchasing an additional 2,606 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in DICK’S Sporting Goods by 7.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 28,433 shares of the sporting goods retailer’s stock valued at $5,624,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings 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 buying an additional 6,053 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $207.34 on Thursday. The firm’s fifty day moving average is $221.95 and its two-hundred day moving average is $209.76. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 3.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DKS shares. BNP Paribas Exane assumed coverage on shares of DICK’S Sporting Goods in a report on Friday, September 26th. They set an “underperform” rating and a $177.00 price objective on the stock. 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 research note on Friday, August 29th. Telsey Advisory Group dropped their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday. DA Davidson cut their price objective on DICK’S Sporting Goods from $270.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company raised their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $235.29.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 32.55% of the company’s stock.

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.