Blair William & Co. IL Sells 651 Shares of DICK’S Sporting Goods, Inc. $DKS

Blair William & Co. IL lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.7% in the 2nd quarter, Holdings Channel reports. The fund owned 16,953 shares of the sporting goods retailer’s stock after selling 651 shares during the quarter. Blair William & Co. IL’s holdings in DICK’S Sporting Goods were worth $3,353,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Oder Investment Management LLC raised its position in shares of DICK’S Sporting Goods by 1.0% in the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock worth $1,060,000 after acquiring an additional 51 shares in the last quarter. US Bancorp DE increased its position in DICK’S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after buying an additional 53 shares in the last quarter. Vontobel Holding Ltd. increased its position in DICK’S Sporting Goods by 2.0% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock valued at $588,000 after buying an additional 58 shares in the last quarter. Private Advisor Group LLC increased its position in DICK’S Sporting Goods by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock valued at $292,000 after buying an additional 61 shares in the last quarter. Finally, PFG Investments LLC increased its position in DICK’S Sporting Goods by 5.7% during the 2nd quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock valued at $232,000 after buying an additional 63 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DKS shares. BNP Paribas Exane started coverage on DICK’S Sporting Goods in a research report on Friday, September 26th. They set an “underperform” rating and a $177.00 price objective for the company. Loop Capital set a $215.00 price objective on DICK’S Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, July 30th. Bank of America reduced their price objective on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, June 24th. Morgan Stanley increased their target price on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 18th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average target price of $232.05.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $230.02 on Tuesday. The company has a market cap of $18.42 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. 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 debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The stock’s fifty day moving average price is $222.64 and its 200-day moving average price is $202.67.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 33.87%.

Insiders Place Their Bets

In other news, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 32.55% of the company’s stock.

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.