DICK'S Sporting Goods, Inc. $DKS Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its holdings in DICK'S Sporting Goods by 36.9% during the 1st quarter, owning approximately 0.14% of the company, equivalent to $22.18 million.
• DICK'S Sporting Goods reported $4.38 EPS for the quarter, exceeding analysts' expectations of $4.30, with a revenue increase of 5.0% year-over-year, totaling $3.65 billion.
• The company declared a quarterly dividend of $1.2125 per share, with an ex-dividend date set for September 12th, indicating a 2.1% dividend yield.

AQR Capital Management LLC cut its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 36.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,323 shares of the sporting goods retailer's stock after selling 66,185 shares during the period. AQR Capital Management LLC owned approximately 0.14% of DICK'S Sporting Goods worth $22,181,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of 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 worth $44,000 after purchasing an additional 72 shares during the period. Fifth Third Bancorp boosted its stake in shares of DICK'S Sporting Goods by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock worth $195,000 after purchasing an additional 209 shares during the period. NBC Securities Inc. purchased a new position in shares of DICK'S Sporting Goods during the 1st quarter worth about $54,000. Janus Henderson Group PLC boosted its stake in shares of DICK'S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after purchasing an additional 1,594 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of DICK'S Sporting Goods during the 1st quarter worth about $214,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Down 4.1%

Shares of DKS traded down $9.37 during mid-day trading on Friday, hitting $221.57. The company's stock had a trading volume of 1,850,532 shares, compared to its average volume of 2,259,393. The company's 50-day moving average is $216.61 and its 200-day moving average is $199.72. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 3.31 and a beta of 1.02. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the prior year, the company earned $4.37 EPS. The company's revenue was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities research 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 firm 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 $1.2125 dividend. 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 presently 33.87%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DKS. Wells Fargo & Company lifted their price target on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Barclays boosted their price objective on shares of DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Truist Financial boosted their price objective on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Telsey Advisory Group reissued an "outperform" rating and issued a $255.00 price objective on shares of DICK'S Sporting Goods in a research report on Monday, September 8th. Finally, Oppenheimer reissued an "outperform" rating and issued a $270.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and an average price target of $235.83.

Insider Transactions at DICK'S Sporting Goods

In other news, Director Robert W. Eddy acquired 1,280 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average price of $194.99 per share, for a total transaction of $249,587.20. Following the purchase, the director directly owned 6,048 shares in the company, valued at $1,179,299.52. The trade was a 26.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares of the company's stock, 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. In the last three months, insiders have sold 69,200 shares of company stock worth $14,462,923. 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.