Wendell David Associates Inc. Buys 170 Shares of DICK’S Sporting Goods, Inc. $DKS

Wendell David Associates Inc. increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,703 shares of the sporting goods retailer’s stock after buying an additional 170 shares during the period. Wendell David Associates Inc.’s holdings in DICK’S Sporting Goods were worth $1,722,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Oder Investment Management LLC raised its stake in DICK’S Sporting Goods by 1.0% in the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock worth $1,060,000 after buying an additional 51 shares in the last quarter. US Bancorp DE raised its stake in DICK’S Sporting Goods by 1.1% in the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock worth $955,000 after buying an additional 53 shares in the last quarter. Vontobel Holding Ltd. raised its stake in DICK’S Sporting Goods by 2.0% in the second quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after buying an additional 58 shares in the last quarter. Private Advisor Group LLC raised its stake in DICK’S Sporting Goods by 4.4% in the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock worth $292,000 after buying an additional 61 shares in the last quarter. Finally, PFG Investments LLC raised its stake in DICK’S Sporting Goods by 5.7% in the second quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock worth $232,000 after buying an additional 63 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Lauren R. Hobart sold 20,083 shares of the 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 sale, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the sale, the executive vice president owned 74,444 shares in the company, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.8%

NYSE:DKS opened at $228.50 on Friday. The company’s 50 day moving average price is $224.01 and its 200-day moving average price is $203.37. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The stock has a market cap of $18.30 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 3.28 and a beta of 1.06.

DICK’S Sporting Goods (NYSE:DKS) last posted 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. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the company posted $4.37 earnings per share. The business’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. On average, equities research analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

Analysts Set New Price Targets

A number of equities analysts 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 research note on Wednesday, October 8th. UBS Group raised their target price on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note 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 research note on Wednesday, July 30th. Barclays raised their target price on shares of DICK’S Sporting Goods from $232.00 to $246.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, September 26th. They set an “underperform” rating and a $177.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $233.33.

DICK’S Sporting Goods Company 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.