Intellectus Partners LLC Takes $1.20 Million Position in DICK’S Sporting Goods, Inc. $DKS

Intellectus Partners LLC purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 6,085 shares of the sporting goods retailer’s stock, valued at approximately $1,204,000.

Other large investors have also recently modified their holdings of the company. Private Trust Co. NA raised its stake in shares of DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after acquiring an additional 66 shares during the last quarter. Ancora Advisors LLC raised its stake 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 valued at $46,000 after acquiring an additional 105 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of DICK’S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after acquiring an additional 124 shares during the last quarter. Evermay Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods during the first quarter valued at $81,000. Finally, Hantz Financial Services Inc. raised its stake in shares of DICK’S Sporting Goods by 875.6% during the second quarter. Hantz Financial Services Inc. now owns 400 shares of the sporting goods retailer’s stock valued at $79,000 after acquiring an additional 359 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

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 sale, the executive vice president directly owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. 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 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $221.18 on Monday. 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 fifty day simple moving average of $224.58 and a 200 day simple moving average of $206.61. The company has a market capitalization of $17.72 billion, a PE ratio of 15.45, a P/E/G ratio of 3.23 and a beta of 1.06. 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 posted its quarterly 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. 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 during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the firm posted $4.37 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is 33.87%.

Wall Street Analyst Weigh In

DKS has been the subject of several analyst reports. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 18th. Barclays lifted their target price on shares of DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Truist Financial lifted their target price on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Oppenheimer reissued an “outperform” rating and set a $270.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $255.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. Twelve 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’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Hold” and a consensus target price of $234.29.

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.