Catalyst Capital Advisors LLC Invests $334,000 in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Catalyst Capital Advisors LLC invested approximately $334,000 in DICK'S Sporting Goods, acquiring 1,689 shares during the second quarter.
• CEO Lauren R. Hobart sold 20,083 shares of the company's stock for over $4.4 million, reducing her position by 6.27%.
• DICK'S Sporting Goods reported $4.38 EPS for the latest quarter, beating estimates, with a revenue increase of 5.0% year-over-year to $3.65 billion.

Catalyst Capital Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,689 shares of the sporting goods retailer's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DKS. Private Trust Co. NA raised its holdings in 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 during the period. Golden State Wealth Management LLC grew 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 buying an additional 201 shares in the last quarter. Bessemer Group Inc. boosted its position 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 purchasing an additional 72 shares in the last quarter. Ancora Advisors LLC boosted its position in DICK'S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after purchasing an additional 105 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in DICK'S Sporting Goods by 91.2% in the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock valued at $52,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Activity

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of DICK'S Sporting Goods stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction dated 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 completion of the sale, the executive vice president owned 74,444 shares of the company's stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is owned by insiders.

DICK'S Sporting Goods Stock Down 1.1%

DKS opened at $225.35 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The business has a 50 day simple moving average of $224.55 and a 200-day simple moving average of $204.86. The stock has a market capitalization of $18.05 billion, a P/E ratio of 15.74, a P/E/G ratio of 3.26 and a beta of 1.06. 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 released its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.30 by $0.08. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business posted $4.37 EPS. DICK'S Sporting Goods's quarterly 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. On average, equities 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.2%. DICK'S Sporting Goods's payout ratio is 33.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DKS. BNP Paribas Exane assumed coverage on DICK'S Sporting Goods in a research note on Friday, September 26th. They issued an "underperform" rating and a $177.00 price objective for the company. Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. UBS Group boosted their price objective on DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Wells Fargo & Company lifted their target price on DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $255.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, September 19th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $234.29.

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.

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