Wallington Asset Management LLC Lowers Position in DICK’S Sporting Goods, Inc. $DKS

Wallington Asset Management LLC cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,050 shares of the sporting goods retailer’s stock after selling 150 shares during the period. Wallington Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock worth $44,000 after buying an additional 72 shares during the period. Fifth Third Bancorp lifted its holdings in DICK’S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer’s stock worth $195,000 after buying an additional 209 shares during the period. NBC Securities Inc. purchased a new stake in DICK’S Sporting Goods in the first quarter worth about $54,000. OneDigital Investment Advisors LLC purchased a new stake in DICK’S Sporting Goods in the first quarter worth about $214,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in DICK’S Sporting Goods by 18.7% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock worth $3,279,000 after buying an additional 2,606 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $231.98 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The firm has a market cap of $18.58 billion, a P/E ratio of 16.20, a PEG ratio of 3.30 and a beta of 1.06. The company has a 50 day moving average of $221.19 and a 200 day moving average of $201.75. 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 announced its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $0.08. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business earned $4.37 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is 33.87%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction that occurred 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 of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction that occurred 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 sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,720 shares of company stock valued at $9,432,412. 32.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group raised 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 report on Friday, August 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $255.00 target price on shares of DICK’S Sporting Goods in a report on Friday, September 19th. DA Davidson set a $250.00 target price on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group assumed 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 analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average target price of $232.05.

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.