Private Trust Co. NA Purchases 119 Shares of DICK’S Sporting Goods, Inc. $DKS

Private Trust Co. NA boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 63.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 307 shares of the sporting goods retailer’s stock after acquiring an additional 119 shares during the quarter. Private Trust Co. NA’s holdings in DICK’S Sporting Goods were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its stake in DICK’S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 201 shares during the last quarter. Bessemer Group Inc. increased its stake in DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. Ancora Advisors LLC increased its stake in DICK’S Sporting Goods by 85.4% in the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock valued at $46,000 after acquiring an additional 105 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of DICK’S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after buying an additional 124 shares during the last quarter. Finally, Evermay Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the first quarter valued at about $81,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $228.06 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average of $224.52 and a 200-day moving average of $204.49. The firm has a market cap of $18.27 billion, a P/E ratio of 15.93, a P/E/G ratio of 3.27 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.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. BNP Paribas set a $177.00 price objective on DICK’S Sporting Goods and gave the company an “underperform” rating in a research note on Friday, September 26th. Loop Capital set a $215.00 price objective on DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. Morgan Stanley raised their price objective 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, Wells Fargo & Company raised their price objective on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Twelve 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $234.29.

Insider Activity 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 that occurred on 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 of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.