WBI Investments LLC Invests $974,000 in DICK’S Sporting Goods, Inc. $DKS

WBI Investments LLC purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,925 shares of the sporting goods retailer’s stock, valued at approximately $974,000.

A number of other large investors have also recently bought and sold shares of DKS. Atlantic Union Bankshares Corp bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $40,000. First Horizon Advisors Inc. boosted its holdings in DICK’S Sporting Goods by 389.4% in the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after acquiring an additional 183 shares in the last quarter. Ancora Advisors LLC grew 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 period. Brooklyn Investment Group increased its holdings 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 acquiring an additional 124 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of DICK’S Sporting Goods by 63.3% during the second quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after acquiring an additional 119 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the subject of several research reports. Loop Capital set a $215.00 price target on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a research report on Wednesday, July 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $255.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. Weiss Ratings upgraded shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. UBS Group upped their target price on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Morgan Stanley raised their price target on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $234.29.

Insider Activity

In related news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was 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 directly owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 32.55% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $208.79 on Tuesday. The company has a fifty day moving average price of $224.36 and a 200-day moving average price of $209.05. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 3.23 and a beta of 1.05. 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.

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 for the quarter, topping the consensus estimate of $4.30 by $0.08. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the company earned $4.37 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. 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 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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