Perbak Capital Partners LLP Makes New $302,000 Investment in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Perbak Capital Partners LLP acquired 1,496 shares of DICK'S Sporting Goods, valued at approximately $302,000, indicating interest from institutional investors in the retailer.
• DICK'S Sporting Goods reported $4.38 earnings per share in its recent quarterly earnings, exceeding the consensus estimate of $4.30.
• The company announced a quarterly dividend of $1.2125 per share, resulting in a 2.3% annual yield, with a payout ratio of 33.87%.

Perbak Capital Partners LLP acquired a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,496 shares of the sporting goods retailer's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $27,000. Ancora Advisors LLC purchased a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $28,000. Private Trust Co. NA grew its stake in DICK'S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after buying an additional 66 shares in the last quarter. Golden State Wealth Management LLC grew its stake in DICK'S Sporting Goods by 1,435.7% in the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after buying an additional 201 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 0.3%

NYSE DKS traded down $0.64 during trading hours on Friday, reaching $221.39. 3,440,481 shares of the company's stock traded hands, compared to its average volume of 2,007,977. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The firm has a market cap of $17.72 billion, a PE ratio of 15.46, a PEG ratio of 3.18 and a beta of 1.02. The firm has a 50-day simple moving average of $214.60 and a 200 day simple moving average of $199.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (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 company had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period last year, the company posted $4.37 EPS. DICK'S Sporting Goods's revenue 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. Sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 33.87%.

Analyst Ratings Changes

DKS has been the subject of a number of research reports. TD Cowen cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target for the company. in a research note on Thursday, May 15th. JPMorgan Chase & Co. upped their price objective on shares of 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. Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Robert W. Baird cut their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, May 16th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $232.50.

Insider Transactions at DICK'S Sporting Goods

In other 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 directly owned 74,444 shares in the company, valued at $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,200 shares of company stock valued at $14,462,923. Company insiders own 32.55% of the company's stock.

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.