Carolina Wealth Advisors LLC Has $7.40 Million Stake in DICK’S Sporting Goods, Inc. $DKS

Carolina Wealth Advisors LLC raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,388 shares of the sporting goods retailer’s stock after purchasing an additional 850 shares during the period. DICK’S Sporting Goods makes up about 3.7% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Carolina Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $7,396,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DKS. Oder Investment Management LLC increased its position in shares of DICK’S Sporting Goods by 1.0% during the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock worth $1,060,000 after acquiring an additional 51 shares in the last quarter. US Bancorp DE increased its position in shares of DICK’S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock worth $955,000 after acquiring an additional 53 shares in the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of DICK’S Sporting Goods by 4.9% during the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer’s stock worth $258,000 after acquiring an additional 60 shares in the last quarter. Private Advisor Group LLC increased its position in shares of DICK’S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock worth $292,000 after acquiring an additional 61 shares in the last quarter. Finally, PFG Investments LLC increased its position in shares of DICK’S Sporting Goods by 5.7% during the second quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock worth $232,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $231.98 on Friday. The stock has a market cap of $18.58 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.32 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The company has a fifty day moving average price of $221.19 and a two-hundred day moving average price of $201.77. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 33.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane assumed coverage on shares of DICK’S Sporting Goods in a research report on Friday, September 26th. They set an “underperform” rating and a $177.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. UBS Group increased their price objective on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group initiated coverage on shares of DICK’S Sporting Goods in a report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Hold” and a consensus target price of $232.05.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on 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 disclosure for this sale can be found here. In the last quarter, insiders sold 42,720 shares of company stock valued at $9,432,412. Corporate insiders own 32.55% of the company’s stock.

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.