DICK'S Sporting Goods, Inc. $DKS Stake Cut by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC sold 31,228 shares of DICK'S Sporting Goods, reducing its holdings by 47.2% to 34,957 shares, valued at approximately $7.05 million.
• The company's stock has recently seen target price adjustments from various analysts, with the average target now at $223.06 and a mix of "hold" and "buy" ratings.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, reflecting a 2.2% dividend yield, with a payout ratio of 34.69%.

Brandywine Global Investment Management LLC trimmed its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 47.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,957 shares of the sporting goods retailer's stock after selling 31,228 shares during the quarter. Brandywine Global Investment Management LLC's holdings in DICK'S Sporting Goods were worth $7,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DKS. XTX Topco Ltd acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $485,000. 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 acquiring an additional 72 shares in the last quarter. Fifth Third Bancorp raised its position 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 acquiring an additional 209 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of DICK'S Sporting Goods during the 1st quarter worth about $54,000. Finally, Janus Henderson Group PLC increased its position in DICK'S Sporting Goods by 15.9% during the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after buying an additional 1,594 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock traded down $4.6450 during trading hours on Wednesday, hitting $222.9250. The stock had a trading volume of 1,220,543 shares, compared to its average volume of 1,473,212. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 3.19 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The stock's fifty day moving average is $204.67 and its two-hundred day moving average is $201.37.

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

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is presently 34.69%.

Insider Transactions at DICK'S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the company'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 completion of the transaction, the senior vice president directly owned 12,465 shares in the company, valued at approximately $2,550,962.25. This represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Eddy bought 1,357 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were acquired at an average cost of $185.31 per share, with a total value of $251,465.67. Following the transaction, the director owned 4,768 shares in the company, valued at approximately $883,558.08. This represents a 39.78% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 69,200 shares of company stock valued at $14,462,923. Corporate insiders own 32.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DKS shares. Bank of America cut their price target on 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. Wells Fargo & Company lifted their target price on 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. JPMorgan Chase & Co. lowered their target price on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Telsey Advisory Group reiterated an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Finally, Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $223.06.

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.