Boothbay Fund Management LLC Has $6.65 Million Stock Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Boothbay Fund Management LLC reduced its stake in DICK'S Sporting Goods by 45.2%, holding 32,982 shares valued at approximately $6.65 million at the end of the last reporting period.
• Insider transactions included Director Robert W. Eddy purchasing 1,280 shares while SVP Elizabeth H. Baran sold 1,830 shares, with insiders collectively selling 69,200 shares worth over $14 million in the past three months.
• DICK'S Sporting Goods reported strong quarterly earnings, beating expectations with an EPS of $4.38 and revenue of $3.65 billion, while also declaring a quarterly dividend of $1.2125 per share.

Boothbay Fund Management LLC cut its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,982 shares of the sporting goods retailer's stock after selling 27,241 shares during the period. Boothbay Fund Management LLC's holdings in DICK'S Sporting Goods were worth $6,648,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after buying an additional 72 shares during the period. Fifth Third Bancorp lifted its position in DICK'S Sporting Goods by 27.5% in the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after acquiring an additional 209 shares in the last quarter. NBC Securities Inc. bought a new position in DICK'S Sporting Goods in the 1st quarter valued at about $54,000. Janus Henderson Group PLC lifted its position in DICK'S Sporting Goods by 15.9% in the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after acquiring an additional 1,594 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in DICK'S Sporting Goods in the 1st quarter valued at about $214,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert W. Eddy purchased 1,280 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were bought at an average price of $194.99 per share, with a total value of $249,587.20. Following the acquisition, the director owned 6,048 shares of the company's stock, valued at $1,179,299.52. This trade represents a 26.85% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the transaction, the senior vice president owned 12,465 shares of the company's stock, valued at $2,550,962.25. This represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock worth $14,462,923 in the last three months. Insiders own 32.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of 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. Loop Capital set a $215.00 price target on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a research report on Wednesday, July 30th. Bank of America dropped their price target on shares of 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. DA Davidson set a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Finally, Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $232.50.

DICK'S Sporting Goods Trading Up 5.5%

NYSE:DKS opened at $221.82 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $17.76 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The firm's 50 day moving average is $214.23 and its 200 day moving average is $200.02. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 8.52% and a return on equity of 36.54%. DICK'S Sporting Goods's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued 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 of this dividend is Friday, September 12th. DICK'S Sporting Goods's payout ratio is 33.87%.

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.

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