Cetera Investment Advisers Trims Holdings in DICK’S Sporting Goods, Inc. $DKS

Cetera Investment Advisers cut its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,362 shares of the sporting goods retailer’s stock after selling 4,600 shares during the quarter. Cetera Investment Advisers’ holdings in DICK’S Sporting Goods were worth $1,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in DICK’S Sporting Goods during the second quarter worth approximately $40,000. First Horizon Advisors Inc. lifted its stake in shares of 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 purchasing an additional 183 shares during the period. Ancora Advisors LLC boosted its holdings in shares of DICK’S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after purchasing an additional 105 shares during the last quarter. Brooklyn Investment Group grew its position 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 stake in 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 last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. raised their target price 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. Wells Fargo & Company upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Finally, TD Cowen lowered their price objective on shares of DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $235.10.

DICK’S Sporting Goods Trading Down 0.5%

Shares of DKS stock opened at $206.40 on Monday. 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, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm’s 50 day moving average price is $221.24 and its two-hundred day moving average price is $209.68. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.16. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a $1.2125 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 39.02%.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction dated 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 owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.55% of the stock is currently owned by corporate insiders.

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.