DICK’S Sporting Goods, Inc. $DKS Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.9% during the first quarter, HoldingsChannel reports. The firm owned 327,891 shares of the sporting goods retailer’s stock after purchasing an additional 2,807 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in DICK’S Sporting Goods were worth $66,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DKS. Wellington Management Group LLP increased its holdings in shares of DICK’S Sporting Goods by 416.9% in the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock valued at $570,370,000 after purchasing an additional 2,282,300 shares during the period. Westfield Capital Management Co. LP grew its holdings in 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 acquiring an additional 599,025 shares during the period. Vanguard Group Inc. grew its holdings 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 worth $1,179,171,000 after acquiring an additional 471,217 shares during the period. Junto Capital Management LP acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $89,351,000. Finally, GAMMA Investing LLC grew its holdings in DICK’S Sporting Goods by 24,140.8% during the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer’s stock worth $58,827,000 after acquiring an additional 290,655 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 3,541 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $187.00, for a total transaction of $662,167.00. Following the transaction, the executive vice president directly owned 19,165 shares in the company, valued at approximately $3,583,855. This represents a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock valued at $14,462,923 in the last three months. Company insiders own 32.55% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America dropped their price objective on DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, June 24th. Citigroup reaffirmed a “neutral” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 29th. Barclays upped their target price on DICK’S Sporting Goods from $217.00 to $232.00 and gave the company an “overweight” rating in a report on Thursday, May 29th. Finally, Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $233.21.

DICK’S Sporting Goods Stock Down 1.3%

Shares of NYSE:DKS opened at $212.25 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock’s fifty day simple moving average is $211.90 and its 200-day simple moving average is $200.48. The company has a market capitalization of $16.99 billion, a P/E ratio of 14.82, a P/E/G ratio of 3.12 and a beta of 1.07.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business earned $4.37 earnings per share. The business’s 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. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is 33.87%.

DICK’S Sporting Goods 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.