Pensionfund Sabic Has $1.11 Million Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Pensionfund Sabic lessened its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 16.7% during the first quarter, Holdings Channel reports. The institutional investor owned 5,500 shares of the sporting goods retailer’s stock after selling 1,100 shares during the quarter. Pensionfund Sabic’s holdings in DICK’S Sporting Goods were worth $1,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. raised its position in DICK’S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after buying an additional 72 shares during the last quarter. Fifth Third Bancorp grew its stake in DICK’S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock valued at $195,000 after purchasing an additional 209 shares in the last quarter. NBC Securities Inc. bought a new position in DICK’S Sporting Goods in the first quarter valued at approximately $54,000. Janus Henderson Group PLC grew its stake in DICK’S Sporting Goods by 15.9% in the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer’s stock valued at $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in DICK’S Sporting Goods in the first quarter valued at approximately $214,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DKS. DA Davidson set a $250.00 price target on DICK’S Sporting Goods in a research note on Friday, August 29th. Gordon Haskett upgraded DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research note on Friday, July 25th. UBS Group raised their price target on 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. Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley raised their price target 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. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.83.

DICK’S Sporting Goods Stock Performance

DKS opened at $221.57 on Friday. The business has a fifty day simple moving average of $216.61 and a 200 day simple moving average of $199.72. The company has a market capitalization of $17.75 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 3.31 and a beta of 1.02. 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.

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, beating the consensus estimate of $4.30 by $0.08. The business had revenue of $3.65 billion during 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 firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $1.2125 dividend. The ex-dividend date is Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.2%. DICK’S Sporting Goods’s payout ratio is 33.87%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods 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 completion of the transaction, the executive vice president directly owned 74,444 shares of the company’s stock, valued at $16,749,900. The trade was a 15.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK’S Sporting Goods stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the transaction, the executive vice president directly owned 19,165 shares of the company’s stock, valued at $3,583,855. This represents a 15.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,200 shares of company stock worth $14,462,923. Corporate insiders own 32.55% of the company’s stock.

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.