Bath Savings Trust Co Buys 2,061 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Bath Savings Trust Co increased its position in DICK'S Sporting Goods by 20.4% in the 2nd quarter, now holding shares worth approximately $2.41 million.
• Analysts have issued optimistic ratings and target price increases for DICK'S Sporting Goods, with UBS raising its target from $225 to $275 and Citigroup from $225 to $280.
• DICK'S Sporting Goods declared a quarterly dividend of $1.2125 per share, with a 2.2% dividend yield, to be paid on September 26th.

Bath Savings Trust Co lifted its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 20.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,160 shares of the sporting goods retailer's stock after acquiring an additional 2,061 shares during the period. Bath Savings Trust Co's holdings in DICK'S Sporting Goods were worth $2,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth $27,000. Private Trust Co. NA grew its stake in shares of 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 acquiring an additional 66 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of 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 acquiring an additional 201 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of 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 acquiring an additional 72 shares during the last quarter. Finally, Ancora Advisors LLC grew its stake in shares of 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 acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DKS. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Barclays raised their target price on DICK'S Sporting Goods from $232.00 to $246.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 target price on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Truist Financial raised their target price on DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Finally, DA Davidson set a $250.00 target price on DICK'S Sporting Goods in a research report on Friday, August 29th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.83.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS traded down $2.11 during midday trading on Monday, reaching $219.84. 1,697,247 shares of the company traded hands, compared to its average volume of 2,312,269. The firm has a market cap of $17.61 billion, a PE ratio of 15.35, a PEG ratio of 3.18 and a beta of 1.02. The stock's 50-day simple moving average is $218.23 and its 200-day simple moving average is $199.86. 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 0.44, a quick ratio of 0.55 and a current ratio of 1.70.

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 earnings per share for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company posted $4.37 earnings per share. The firm's quarterly 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. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share 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. Investors of record on Friday, September 12th will be given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 33.87%.

Insider Transactions at DICK'S Sporting Goods

In other news, Director Robert W. Eddy acquired 1,280 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the transaction, the director directly owned 6,048 shares in the company, valued at $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction dated Friday, June 27th. The stock was 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 owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. The trade was a 11.81% 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 valued at $14,462,923. 32.55% of the stock is currently owned by insiders.

DICK'S Sporting Goods Company 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.