Beaumont Financial Advisors LLC Boosts Stock Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Beaumont Financial Advisors LLC increased its stake in DICK'S Sporting Goods by 2.1% during the second quarter, holding 83,147 shares valued at approximately $16.4 million.
• DICK'S Sporting Goods reported earnings of $4.38 per share for the latest quarter, exceeding analyst expectations, with revenues up by 5.0% year-over-year.
• The company declared a quarterly dividend of $1.2125 per share, representing a 2.2% dividend yield and an annualized payout of $4.85.

Beaumont Financial Advisors LLC boosted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,147 shares of the sporting goods retailer's stock after acquiring an additional 1,679 shares during the quarter. DICK'S Sporting Goods accounts for about 1.2% of Beaumont Financial Advisors LLC's investment portfolio, making the stock its 26th largest holding. Beaumont Financial Advisors LLC owned approximately 0.10% of DICK'S Sporting Goods worth $16,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Oder Investment Management LLC boosted its holdings in DICK'S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after acquiring an additional 51 shares during the period. US Bancorp DE boosted its holdings in DICK'S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock valued at $955,000 after acquiring an additional 53 shares during the period. Pine Haven Investment Counsel Inc boosted its holdings in DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after acquiring an additional 60 shares during the period. Private Advisor Group LLC boosted its holdings in DICK'S Sporting Goods by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock valued at $292,000 after acquiring an additional 61 shares during the period. Finally, 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. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the sale, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,467 shares of company stock worth $5,374,805. 32.55% of the stock is owned by insiders.

DICK'S Sporting Goods Stock Performance

Shares of DKS opened at $225.44 on Friday. The business's fifty day simple moving average is $219.57 and its two-hundred day simple moving average is $200.37. 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, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 3.30 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results 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. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business posted $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. Research 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 declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 33.87%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DKS. Citigroup upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their target price for the company from $225.00 to $280.00 in a report on Tuesday, September 9th. DA Davidson set a $250.00 price target on DICK'S Sporting Goods in a research report on Friday, August 29th. 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. Morgan Stanley upped their price target on DICK'S Sporting Goods from $232.00 to $253.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Finally, Loop Capital set a $215.00 price target on DICK'S Sporting Goods and gave the company a "hold" rating in a research report on Wednesday, July 30th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $237.84.

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.

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