Candriam S.C.A. Sells 78,384 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Candriam S.C.A. has significantly reduced its holdings in DICK'S Sporting Goods by selling 78,384 shares, representing a decline of 98.4%, leaving them with only 1,239 shares valued at approximately $250,000.
• Insider trading activity includes Julie Lodge-Jarrett selling 3,541 shares and Robert W. Eddy increasing his stake by acquiring 1,357 shares, reflecting mixed behavior among company insiders.
• Recent analyst ratings for DICK'S Sporting Goods show a revision in price targets, with a consensus rating of "Hold" and an average target price of $225.00.

Candriam S.C.A. decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 98.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,239 shares of the sporting goods retailer's stock after selling 78,384 shares during the period. Candriam S.C.A.'s holdings in DICK'S Sporting Goods were worth $250,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DKS. Park Square Financial Group LLC bought a new stake in DICK'S Sporting Goods during the fourth quarter valued at $27,000. Ancora Advisors LLC bought a new stake in DICK'S Sporting Goods during the fourth quarter valued at $28,000. Private Trust Co. NA boosted its stake in DICK'S Sporting Goods by 54.1% during the first 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 during the period. Golden State Wealth Management LLC boosted its stake in DICK'S Sporting Goods by 1,435.7% during the first 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 during the period. Finally, Bessemer Group Inc. boosted its stake in DICK'S Sporting Goods by 49.3% during the first 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. Institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 3,541 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $187.00, for a total transaction of $662,167.00. Following the completion of the transaction, the executive vice president owned 19,165 shares of the company's stock, valued at $3,583,855. This represents a 15.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Eddy acquired 1,357 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were bought at an average cost of $185.31 per share, with a total value of $251,465.67. Following the acquisition, the director directly owned 4,768 shares in the company, valued at approximately $883,558.08. The trade was a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 69,200 shares of company stock worth $14,462,923. Insiders own 32.55% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on DKS. Wells Fargo & Company lifted their price objective 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. TD Cowen downgraded DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a research report on Thursday, May 15th. Robert W. Baird lowered their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Finally, Bank of America lowered 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. Nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Hold" and an average target price of $225.00.

DICK'S Sporting Goods Trading Up 1.8%

Shares of DICK'S Sporting Goods stock opened at $227.4270 on Monday. The company has a market capitalization of $18.21 billion, a P/E ratio of 16.27, a P/E/G ratio of 3.25 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. The company has a fifty day moving average of $207.23 and a 200 day moving average of $200.81. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. On average, sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

DICK'S Sporting Goods 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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