Advisors Asset Management Inc. Has $922,000 Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Advisors Asset Management Inc. increased its stake in DICK'S Sporting Goods by 186.7% in Q1, now owning 4,576 shares worth approximately $922,000.
• DICK'S Sporting Goods recently reported quarterly earnings that exceeded analysts' expectations, with an EPS of $4.38 and a revenue of $3.65 billion.
• The company announced a quarterly dividend of $1.2125 per share, reflecting an annual yield of 2.2%, with the payment scheduled for September 26th.

Advisors Asset Management Inc. grew its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 186.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,576 shares of the sporting goods retailer's stock after buying an additional 2,980 shares during the quarter. Advisors Asset Management Inc.'s holdings in DICK'S Sporting Goods were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in DKS. Park Square Financial Group LLC acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at about $27,000. Private Trust Co. NA raised its stake in shares of 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 valued at $38,000 after acquiring an additional 66 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of 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 valued at $43,000 after acquiring an additional 201 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of 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 valued at $44,000 after acquiring an additional 72 shares in the last quarter. Finally, Ancora Advisors LLC raised its stake in shares of DICK'S Sporting Goods by 85.4% in the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after acquiring an additional 105 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded down $9.37 on Friday, reaching $221.57. 1,850,532 shares of the stock traded hands, compared to its average volume of 2,259,393. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 3.31 and a beta of 1.02. 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, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock's 50-day moving average price is $216.61 and its 200-day moving average price is $199.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.61 billion. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.DICK'S Sporting Goods's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 2.2%. DICK'S Sporting Goods's payout ratio is currently 33.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Barclays raised their price objective on DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Truist Financial raised their price objective on DICK'S Sporting Goods from $230.00 to $248.00 and gave the company a "buy" rating in a research note on Friday, August 29th. UBS Group raised their price objective on DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $235.83.

Insiders Place Their Bets

In related news, Director Robert W. Eddy purchased 1,280 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average price of $194.99 per share, with a total value of $249,587.20. Following the purchase, the director directly owned 6,048 shares in the company, valued at $1,179,299.52. This represents a 26.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. This represents a 11.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock worth $14,462,923 over the last quarter. Corporate insiders own 32.55% of the company's stock.

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.