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

LSV Asset Management trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 593,860 shares of the sporting goods retailer’s stock after selling 18,380 shares during the period. LSV Asset Management’s holdings in DICK’S Sporting Goods were worth $117,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DKS. Wellington Management Group LLP grew its position in DICK’S Sporting Goods by 416.9% during 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 buying an additional 2,282,300 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of DICK’S Sporting Goods by 1,899.2% during the 1st 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 in the last quarter. Vanguard Group Inc. grew its position in shares of DICK’S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock valued at $1,179,171,000 after acquiring an additional 471,217 shares during the period. Champlain Investment Partners LLC purchased a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at about $45,734,000. Finally, Invesco Ltd. increased its stake in shares of DICK’S Sporting Goods by 36.2% in the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock valued at $162,924,000 after purchasing an additional 214,718 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent analyst reports. BNP Paribas Exane initiated coverage on DICK’S Sporting Goods in a research report on Friday, September 26th. They set an “underperform” rating and a $177.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Citigroup raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $280.00 in a report on Tuesday, September 9th. Finally, Loop Capital set a $215.00 price objective on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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 company’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 completion of the sale, the chief executive officer owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $208.79 on Tuesday. 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, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The firm has a market capitalization of $16.72 billion, a PE ratio of 14.58, a P/E/G ratio of 3.23 and a beta of 1.05. The business’s 50 day moving average price is $224.36 and its 200-day moving average price is $209.05.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $4.37 EPS. The firm’s revenue for the quarter 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 expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is presently 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.