Strs Ohio Increases Stake in DICK’S Sporting Goods, Inc. $DKS

Strs Ohio lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 72.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,794 shares of the sporting goods retailer’s stock after buying an additional 3,696 shares during the quarter. Strs Ohio’s holdings in DICK’S Sporting Goods were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in DICK’S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock worth $1,179,171,000 after acquiring an additional 471,217 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $570,370,000 after acquiring an additional 2,282,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of DICK’S Sporting Goods by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after buying an additional 17,534 shares in the last quarter. Invesco Ltd. lifted its stake in shares of DICK’S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after buying an additional 214,718 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of DICK’S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after buying an additional 599,025 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods 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 transaction, the executive vice president directly owned 74,444 shares of the company’s stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 32.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DKS. Wells Fargo & Company lifted their target price on DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Telsey Advisory Group restated an “outperform” rating and set a $255.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, September 19th. UBS Group increased their price objective on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company 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 company a “neutral” rating in a research report on Friday, August 29th. Finally, DA Davidson increased their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $234.29.

DICK’S Sporting Goods Stock Down 0.6%

Shares of DKS stock opened at $216.44 on Wednesday. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 3.23 and a beta of 1.06. The company’s fifty day moving average price is $224.17 and its 200-day moving average price is $207.05. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. 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 posted its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.30 by $0.08. The company 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%. DICK’S Sporting Goods’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period 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. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 33.87%.

About DICK’S Sporting Goods

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.