DICK'S Sporting Goods, Inc. $DKS Shares Acquired by Allstate Corp

Key Points

• Allstate Corp significantly increased its stake in DICK'S Sporting Goods by 97.1%, bringing its holdings to $645,000 after acquiring an additional 1,577 shares.
• Major institutional investors like Wellington Management and GAMMA Investing LLC have also raised their positions in DICK'S Sporting Goods, highlighting strong institutional interest in the company.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, with a dividend yield of 2.1%, reflecting a steady return for shareholders.

Allstate Corp boosted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 97.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,201 shares of the sporting goods retailer's stock after buying an additional 1,577 shares during the period. Allstate Corp's holdings in DICK'S Sporting Goods were worth $645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DKS. Park Square Financial Group LLC purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at $27,000. Ancora Advisors LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter valued at $28,000. Private Trust Co. NA boosted its holdings in DICK'S Sporting Goods by 54.1% during 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 during the period. Golden State Wealth Management LLC boosted its holdings in DICK'S Sporting Goods by 1,435.7% during 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 during the period. Finally, Bessemer Group Inc. boosted its holdings in DICK'S Sporting Goods by 49.3% during 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 during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 1.3%

Shares of DKS traded down $2.83 during midday trading on Friday, hitting $212.25. 4,116,067 shares of the company's stock traded hands, compared to its average volume of 1,537,239. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The firm's fifty day moving average is $211.13 and its 200-day moving average is $200.98. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 3.31 and a beta of 1.07.

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 firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%.The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior 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, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DKS shares. Telsey Advisory Group restated an "outperform" rating and set a $255.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Truist Financial boosted their price objective on DICK'S Sporting Goods from $230.00 to $248.00 and gave the company a "buy" rating in a report on Friday. Cowen restated a "hold" rating on shares of DICK'S Sporting Goods in a report on Monday, August 18th. Finally, UBS Group raised their price objective on DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Friday. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Hold" and an average price target of $233.21.

Insider Activity

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This represents a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 over the last quarter. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods 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.