Strs Ohio Makes New $1.03 Million Investment in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Strs Ohio acquired 5,098 shares of DICK'S Sporting Goods, Inc., valued at approximately $1,028,000, highlighting growing institutional interest in the company.
• Several large investors have significantly increased their stakes in DICK'S Sporting Goods, with hedge funds and institutional investors now controlling 89.83% of the company's stock.
• DICK'S Sporting Goods reported a quarterly earnings per share of $4.38, exceeding analysts' expectations and showing a 5.0% increase in revenue year-over-year.

Strs Ohio bought a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,098 shares of the sporting goods retailer's stock, valued at approximately $1,028,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the last quarter. Wellington Management Group LLP raised its holdings in DICK'S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after buying an additional 2,282,300 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in DICK'S Sporting Goods by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock valued at $181,225,000 after acquiring an additional 17,534 shares during the period. Invesco Ltd. boosted its holdings in DICK'S Sporting Goods by 36.2% during the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock valued at $162,924,000 after purchasing an additional 214,718 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of DICK'S Sporting Goods by 1,899.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after acquiring an additional 599,025 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 2.5%

NYSE:DKS traded down $5.45 during midday trading on Monday, hitting $216.50. 208,445 shares of the company were exchanged, compared to its average volume of 1,565,646. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. 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 company has a market capitalization of $17.34 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 3.18 and a beta of 1.02. The company has a fifty day simple moving average of $218.01 and a 200 day simple moving average of $199.83.

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

DICK'S Sporting Goods Dividend Announcement

The company also recently declared 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 2.2%. DICK'S Sporting Goods's dividend payout ratio is currently 33.87%.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the transaction, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,200 shares of company stock valued at $14,462,923. Corporate insiders own 32.55% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DKS. Citigroup raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price target for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. UBS Group lifted their price target on DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, August 29th. 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. Finally, 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. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $235.83.

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.