DICK’S Sporting Goods, Inc. $DKS Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,273 shares of the sporting goods retailer’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DKS. GAMMA Investing LLC raised its stake in DICK’S Sporting Goods by 20.3% during the 1st quarter. GAMMA Investing LLC now owns 1,448 shares of the sporting goods retailer’s stock worth $292,000 after acquiring an additional 244 shares in the last quarter. PFG Investments LLC increased its stake in DICK’S Sporting Goods by 13.6% in the first quarter. PFG Investments LLC now owns 1,111 shares of the sporting goods retailer’s stock valued at $224,000 after purchasing an additional 133 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in DICK’S Sporting Goods by 4.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,911 shares of the sporting goods retailer’s stock valued at $3,812,000 after purchasing an additional 817 shares during the period. Flagship Harbor Advisors LLC increased its stake in DICK’S Sporting Goods by 8.2% in the first quarter. Flagship Harbor Advisors LLC now owns 1,099 shares of the sporting goods retailer’s stock valued at $221,000 after purchasing an additional 83 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in DICK’S Sporting Goods by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 22,266 shares of the sporting goods retailer’s stock valued at $4,488,000 after purchasing an additional 851 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of 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. BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, September 26th. They issued an “underperform” rating and a $177.00 price objective on the stock. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 18th. DA Davidson lifted their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 target price on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average target price of $234.29.

Insider Transactions at DICK’S Sporting Goods

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

DICK’S Sporting Goods Stock Down 0.1%

Shares of NYSE:DKS opened at $228.06 on Friday. The company has a market cap of $18.27 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 3.27 and a beta of 1.06. The firm’s 50-day simple moving average is $224.52 and its 200-day simple moving average is $204.49. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.30 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued 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 yield of 2.1%. DICK’S Sporting Goods’s payout ratio is currently 33.87%.

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.