Brandywine Global Investment Management LLC Reduces Position in DICK’S Sporting Goods, Inc. $DKS

Brandywine Global Investment Management LLC decreased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% during the second quarter, HoldingsChannel reports. The firm owned 34,257 shares of the sporting goods retailer’s stock after selling 700 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $6,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at $40,000. First Horizon Advisors Inc. lifted its position in DICK’S Sporting Goods by 389.4% during the 2nd 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 during the period. Ancora Advisors LLC grew its stake in DICK’S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock valued at $46,000 after purchasing an additional 105 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of DICK’S Sporting Goods by 91.2% in the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after purchasing an additional 124 shares during the period. Finally, Private Trust Co. NA increased its holdings in shares of DICK’S Sporting Goods by 63.3% in the second quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after purchasing an additional 119 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the sale, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 32.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. BNP Paribas set a $177.00 price objective on shares of DICK’S Sporting Goods and gave the company an “underperform” rating in a research note on Friday, September 26th. The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods in a report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price objective on the stock. Oppenheimer reissued an “outperform” rating and set a $270.00 target price on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Finally, Truist Financial upped their price target on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 17th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $234.29.

DICK’S Sporting Goods Stock Performance

DKS opened at $208.81 on Friday. The firm has a fifty day moving average price of $222.96 and a 200 day moving average price of $209.40. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market cap of $16.72 billion, a P/E ratio of 14.58, a P/E/G 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 (NYSE:DKS) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion for 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%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) 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.