Graham Capital Management L.P. Buys Shares of 14,748 DICK'S Sporting Goods, Inc. $DKS

Key Points

• Graham Capital Management L.P. has acquired a new position in DICK'S Sporting Goods, purchasing 14,748 shares valued at approximately $2.97 million during the first quarter.
• DICK'S Sporting Goods reported earnings per share of $4.38 for the quarter, exceeding estimates, with revenue reaching $3.65 billion, a 5% increase year-over-year.
• The company announced a quarterly dividend of $1.2125 per share, with an annualized payout of $4.85, reflecting a 2.3% dividend yield.

Graham Capital Management L.P. acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,748 shares of the sporting goods retailer's stock, valued at approximately $2,973,000.

A number of other large investors also recently modified their holdings of DKS. Oder Investment Management LLC grew its stake in DICK'S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after purchasing an additional 51 shares in the last quarter. US Bancorp DE grew its stake in DICK'S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock valued at $955,000 after purchasing an additional 53 shares in the last quarter. EP Wealth Advisors LLC grew its stake in DICK'S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after purchasing an additional 57 shares in the last quarter. Pine Haven Investment Counsel Inc grew its stake in DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after purchasing an additional 60 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in DICK'S Sporting Goods by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock valued at $292,000 after purchasing an additional 61 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $11.62 during mid-day trading on Thursday, hitting $221.82. The company had a trading volume of 3,062,558 shares, compared to its average volume of 1,553,424. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 3.11 and a beta of 1.02. 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 debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.47. The firm's 50 day simple moving average is $213.72 and its two-hundred day simple moving average is $200.13.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 33.87%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DKS. Bank of America lowered their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. JPMorgan Chase & Co. raised their price objective on DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. UBS Group lifted their target price on DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $255.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, August 28th. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $235.00.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 1,026 shares of DICK'S Sporting Goods stock in a transaction on Friday, June 27th. The stock was sold at an average price of $203.50, for a total transaction of $208,791.00. Following the sale, the executive vice president owned 18,139 shares of the company's stock, valued at $3,691,286.50. The trade was a 5.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,200 shares of company stock worth $14,462,923. 32.55% of the stock is currently owned by insiders.

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.