American Century Companies Inc. Boosts Stock Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• American Century Companies Inc. has increased its stake in DICK'S Sporting Goods by 12.8%, owning a total of 127,050 shares valued at approximately $25.6 million.
• Despite the increase in institutional investments, analysts’ price targets for DICK'S stock have ranged between $185.00 and $240.00, with a consensus rating of "Hold" at a price target of $225.00.
• DICK'S Sporting Goods declared a quarterly dividend of $1.2125, reflecting an annual yield of 2.1%, with a payout ratio of 34.69%.

American Century Companies Inc. lifted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 12.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 127,050 shares of the sporting goods retailer's stock after acquiring an additional 14,386 shares during the quarter. American Century Companies Inc. owned 0.16% of DICK'S Sporting Goods worth $25,608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of DICK'S Sporting Goods by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after acquiring an additional 471,217 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DICK'S Sporting Goods by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock worth $181,225,000 after acquiring an additional 17,534 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of DICK'S Sporting Goods by 36.2% in the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock worth $162,924,000 after acquiring an additional 214,718 shares during the last quarter. Westfield Capital Management Co. LP lifted 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 during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of DICK'S Sporting Goods by 27.9% in the 4th quarter. Northern Trust Corp now owns 594,995 shares of the sporting goods retailer's stock worth $136,159,000 after acquiring an additional 129,783 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares of the company's stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction that occurred 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 trade represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,200 shares of company stock worth $14,462,923. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $0.3750 during trading on Monday, hitting $228.0050. The company's stock had a trading volume of 1,896,503 shares, compared to its average volume of 1,181,576. The company has a 50-day moving average of $208.22 and a 200-day moving average of $200.77. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 3.25 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting the consensus estimate of $3.37. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. DA Davidson reiterated a "buy" rating and set a $230.00 price target on shares of DICK'S Sporting Goods in a report on Friday, June 27th. Barclays upped their price target on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods presently has an average rating of "Hold" and an average target price of $225.00.

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.