Commerzbank Aktiengesellschaft FI Buys 2,283 Shares of DICK’S Sporting Goods, Inc. $DKS

Commerzbank Aktiengesellschaft FI grew its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 58.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,213 shares of the sporting goods retailer’s stock after acquiring an additional 2,283 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in DICK’S Sporting Goods were worth $1,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DKS. Farther Finance Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 12.3% during the first quarter. Farther Finance Advisors LLC now owns 2,012 shares of the sporting goods retailer’s stock valued at $415,000 after acquiring an additional 220 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of DICK’S Sporting Goods by 36.7% during the first quarter. Yousif Capital Management LLC now owns 20,907 shares of the sporting goods retailer’s stock valued at $4,214,000 after acquiring an additional 5,618 shares in the last quarter. GAMMA Investing LLC increased its holdings in DICK’S Sporting Goods by 20.3% in the 1st quarter. GAMMA Investing LLC now owns 1,448 shares of the sporting goods retailer’s stock worth $292,000 after buying an additional 244 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in DICK’S Sporting Goods by 18.6% in the 1st quarter. Handelsbanken Fonder AB now owns 17,200 shares of the sporting goods retailer’s stock worth $3,467,000 after buying an additional 2,700 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in DICK’S Sporting Goods by 27.5% in the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock worth $195,000 after buying an additional 209 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Down 5.4%

DICK’S Sporting Goods stock opened at $211.74 on Friday. The business has a 50-day simple moving average of $222.22 and a two-hundred day simple moving average of $202.56. The company has a market cap of $16.96 billion, a P/E ratio of 14.79, a P/E/G ratio of 3.20 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

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 analysts’ consensus estimates 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 business’s quarterly revenue was up 5.0% compared to the same quarter last year. 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. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

Insider Transactions at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction dated 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 transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $280.00 in a report on Tuesday, September 9th. Loop Capital set a $215.00 price objective on DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $255.00 price objective on shares of DICK’S Sporting Goods in a report on Friday, September 19th. Truist Financial lifted their price objective on DICK’S Sporting Goods from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Twelve 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $232.05.

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.