Caisse DE Depot ET Placement DU Quebec Reduces Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in DICK'S Sporting Goods by 89.7%, bringing its holdings to 12,100 shares worth approximately $2.4 million.
• Multiple hedge funds and institutional investors have recently adjusted their positions in DICK'S Sporting Goods, with most owning about 89.83% of the company's stock.
• Analysts have mixed ratings on DICK'S Sporting Goods, with the consensus target price currently at $225 and several firms adjusting their price objectives based on recent performance.

Caisse DE Depot ET Placement DU Quebec lowered its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 89.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,100 shares of the sporting goods retailer's stock after selling 104,815 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in DICK'S Sporting Goods were worth $2,439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Park Square Financial Group LLC purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $27,000. Ancora Advisors LLC purchased a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $28,000. Private Trust Co. NA lifted 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 valued at $38,000 after buying an additional 66 shares in the last quarter. Golden State Wealth Management LLC lifted 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 valued at $43,000 after buying an additional 201 shares in the last quarter. Finally, Bessemer Group Inc. lifted 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 valued at $44,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Director Robert W. Eddy bought 1,357 shares of the firm's stock in a transaction 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 purchase, the director directly owned 4,768 shares of the company's stock, valued at $883,558.08. This trade represents a 39.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the transaction, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Price Performance

DKS traded down $3.74 during trading on Tuesday, reaching $209.06. The company's stock had a trading volume of 1,233,120 shares, compared to its average volume of 1,535,184. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $212.62 and a two-hundred day simple moving average of $200.00. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 3.11 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company posted $4.37 EPS. The business's revenue was up 5.0% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 yield of 2.3%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 33.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on DKS. Truist Financial boosted their price objective on DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Friday. Bank of America cut their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. Wells Fargo & Company boosted their price objective on DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, DA Davidson reiterated a "buy" rating and set a $230.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $233.95.

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.