BI Asset Management Fondsmaeglerselskab A S Lowers Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• BI Asset Management Fondsmaeglerselskab A S has cut its position in DICK'S Sporting Goods by 49.1%, reducing its shares to 48,298 and valuing the stake at approximately $9.74 million.
• Institutional investors hold 89.83% of DICK'S Sporting Goods stock, with notable increases from firms like Wellington Management Group, which raised its stake by 416.9%.
• The company recently announced a quarterly dividend of $1.2125 per share, resulting in a 2.1% yield, while insiders sold a total of 69,200 shares valued at $14.46 million in the last quarter.

BI Asset Management Fondsmaeglerselskab A S lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 49.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,298 shares of the sporting goods retailer's stock after selling 46,515 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.06% of DICK'S Sporting Goods worth $9,735,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $27,000. Ancora Advisors LLC acquired a new position in shares of DICK'S Sporting Goods during the 4th quarter worth about $28,000. Private Trust Co. NA raised its position in shares of 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 worth $38,000 after purchasing an additional 66 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of DICK'S Sporting Goods by 1,435.7% during the 1st 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 during the last quarter. Finally, Bessemer Group Inc. raised its position 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 last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Insiders Place Their Bets

In other news, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction on 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 trade represents a 15.19% 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, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction 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 sale, the chief executive officer owned 299,990 shares in the company, valued at $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,200 shares of company stock worth $14,462,923. 32.55% of the stock is currently owned by insiders.

DICK'S Sporting Goods Stock Up 0.3%

DICK'S Sporting Goods stock traded up $0.6180 during mid-day trading on Monday, reaching $228.2480. 712,702 shares of the company's stock were exchanged, compared to its average volume of 1,466,558. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a fifty day moving average of $207.23 and a 200-day moving average of $200.81. The company has a market cap of $18.27 billion, a P/E ratio of 16.30, a P/E/G ratio of 3.25 and a beta of 1.07. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49.

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

DICK'S Sporting Goods Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, May 16th. Wells Fargo & Company increased their price target on shares of DICK'S Sporting Goods from $187.00 to $215.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. Finally, Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $225.00.

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.