Amundi Purchases 23,353 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Amundi has increased its stake in DICK'S Sporting Goods by 6.2%, now owning 401,013 shares valued at approximately $79.5 million.
• Recent analyst reports have adjusted price targets for DICK'S Sporting Goods, with Bank of America lowering its target to $240 while others have set targets as high as $250.
• The company reported a quarterly EPS of $4.38, exceeding expectations, and declared a quarterly dividend of $1.2125 per share, yielding 2.2%.

Amundi increased its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 401,013 shares of the sporting goods retailer's stock after purchasing an additional 23,353 shares during the period. Amundi owned about 0.50% of DICK'S Sporting Goods worth $79,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Park Square Financial Group LLC acquired a new position in DICK'S Sporting Goods in the fourth quarter worth about $27,000. Private Trust Co. NA raised its position in DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after purchasing an additional 66 shares in the last quarter. Golden State Wealth Management LLC raised its position in DICK'S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after purchasing an additional 201 shares in the last quarter. Bessemer Group Inc. raised its position in DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after purchasing an additional 72 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in DICK'S Sporting Goods by 85.4% in the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock worth $46,000 after purchasing an additional 105 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DKS has been the topic of a number of analyst reports. Bank of America lowered their price target on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. JPMorgan Chase & Co. upped their price target on DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Wells Fargo & Company upped their price target on DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. DA Davidson set a $250.00 price target on DICK'S Sporting Goods in a research report on Friday, August 29th. Finally, Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Hold" and a consensus price target of $232.50.

Insider Buying and Selling at DICK'S Sporting Goods

In other 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 sale, the executive vice president directly owned 74,444 shares of the company's stock, valued at $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert W. Eddy purchased 1,280 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were bought at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the purchase, the director directly owned 6,048 shares of the company's stock, valued at $1,179,299.52. The trade was a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 69,200 shares of company stock valued at $14,462,923 over the last three months. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DKS stock opened at $221.39 on Friday. The stock's fifty day moving average is $214.60 and its 200-day moving average is $199.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The stock has a market capitalization of $17.72 billion, a PE ratio of 15.46, a PEG ratio of 3.17 and a beta of 1.02. 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 announced 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 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%.The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is 33.87%.

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.

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