DICK’S Sporting Goods, Inc. $DKS Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lowered its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 20.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,090 shares of the sporting goods retailer’s stock after selling 36,921 shares during the quarter. DICK’S Sporting Goods comprises 1.1% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 28th largest position. Fullerton Fund Management Co Ltd. owned about 0.18% of DICK’S Sporting Goods worth $28,305,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth $136,483,000. Cerro Pacific Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the second quarter valued at about $286,000. Parallel Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 14.0% during the second quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer’s stock valued at $132,000 after acquiring an additional 82 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of DICK’S Sporting Goods by 18.7% during 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 acquiring an additional 2,606 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of DICK’S Sporting Goods by 7.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 28,433 shares of the sporting goods retailer’s stock worth $5,624,000 after acquiring an additional 1,912 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $213.54 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a fifty day moving average price of $219.65 and a two-hundred day moving average price of $212.18. The company has a market cap of $19.21 billion, a PE ratio of 17.18, a P/E/G ratio of 3.35 and a beta of 1.17.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the firm posted $2.75 EPS. The company’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. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price objective on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. The Goldman Sachs Group started coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. BNP Paribas Exane assumed 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 price objective on the stock. Finally, Wells Fargo & Company boosted their target price 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, November 26th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $235.10.

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.