Mn Services Vermogensbeheer B.V. Takes $4.15 Million Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Mn Services Vermogensbeheer B.V. has purchased 21,000 shares of DICK'S Sporting Goods, valued at approximately $4.15 million, as indicated in their recent SEC filing.
• DICK'S Sporting Goods reported a quarterly earnings per share of $4.38, exceeding analyst expectations and showing a 5.0% increase in revenue compared to the same quarter last year.
• The company has announced a quarterly dividend of $1.2125 per share, scheduled for payment on September 26th, with a notable annualized dividend yield of 2.2%.

Mn Services Vermogensbeheer B.V. acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,000 shares of the sporting goods retailer's stock, valued at approximately $4,154,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DKS. ProShare Advisors LLC boosted its stake in DICK'S Sporting Goods by 7.2% in the fourth quarter. ProShare Advisors LLC now owns 2,706 shares of the sporting goods retailer's stock valued at $619,000 after acquiring an additional 181 shares during the last quarter. Toronto Dominion Bank boosted its stake in DICK'S Sporting Goods by 6.5% in the fourth quarter. Toronto Dominion Bank now owns 7,801 shares of the sporting goods retailer's stock valued at $1,785,000 after acquiring an additional 479 shares during the last quarter. State of Wyoming boosted its stake in DICK'S Sporting Goods by 10,844.4% in the fourth quarter. State of Wyoming now owns 985 shares of the sporting goods retailer's stock valued at $225,000 after acquiring an additional 976 shares during the last quarter. Peak Retirement Planning Inc. bought a new position in DICK'S Sporting Goods in the fourth quarter valued at approximately $1,036,000. Finally, Mackenzie Financial Corp boosted its stake in DICK'S Sporting Goods by 49.3% in the fourth quarter. Mackenzie Financial Corp now owns 83,522 shares of the sporting goods retailer's stock valued at $19,113,000 after acquiring an additional 27,575 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. The Goldman Sachs Group initiated coverage on shares of DICK'S Sporting Goods in a research report on Tuesday. They set a "buy" rating and a $274.00 price target on the stock. Citigroup raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Finally, Oppenheimer reissued an "outperform" rating and set a $270.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $237.84.

Insiders Place Their Bets

In other news, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the transaction, the senior vice president directly owned 12,465 shares in the company, valued at $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of DICK'S Sporting Goods stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $203.50, for a total transaction of $208,791.00. Following the transaction, the executive vice president owned 18,139 shares of the company's stock, valued at $3,691,286.50. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded up $7.54 on Tuesday, hitting $226.78. The company had a trading volume of 934,247 shares, compared to its average volume of 1,570,668. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 3.18 and a beta of 1.02. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $218.23 and a two-hundred day moving average of $199.86. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating the consensus estimate of $4.30 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is 33.87%.

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.