1832 Asset Management L.P. Has $4.47 Million Stake in DICK’S Sporting Goods, Inc. $DKS

1832 Asset Management L.P. lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 66.6% in the second quarter, HoldingsChannel reports. The fund owned 22,620 shares of the sporting goods retailer’s stock after selling 45,150 shares during the period. 1832 Asset Management L.P.’s holdings in DICK’S Sporting Goods were worth $4,474,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DKS. Beacon Pointe Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $247,000. M&T Bank Corp increased its holdings in DICK’S Sporting Goods by 87.5% during the second quarter. M&T Bank Corp now owns 6,274 shares of the sporting goods retailer’s stock worth $1,241,000 after buying an additional 2,928 shares during the last quarter. Fisher Asset Management LLC raised its position in DICK’S Sporting Goods by 155.8% during the second quarter. Fisher Asset Management LLC now owns 235,158 shares of the sporting goods retailer’s stock worth $46,517,000 after acquiring an additional 143,212 shares in the last quarter. Lido Advisors LLC lifted its stake in DICK’S Sporting Goods by 11.0% in the second quarter. Lido Advisors LLC now owns 1,307 shares of the sporting goods retailer’s stock valued at $259,000 after acquiring an additional 130 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new stake in DICK’S Sporting Goods in the second quarter valued at $28,410,000. 89.83% of the stock is owned by institutional investors.

Insider Activity

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DKS shares. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on 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. Barclays dropped their price objective on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, November 28th. TD Cowen reduced their target price on 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. Finally, Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $235.10.

DICK’S Sporting Goods Price Performance

DKS stock opened at $232.31 on Friday. The company’s 50-day moving average price is $220.65 and its two-hundred day moving average price is $210.64. The firm has a market cap of $18.61 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.45 and a beta of 1.17. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the company earned $2.75 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 36.3% on a year-over-year basis. 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 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be paid a $1.2125 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is presently 39.02%.

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.