Commerzbank Aktiengesellschaft FI Acquires 2,283 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Commerzbank Aktiengesellschaft FI boosted its holdings in DICK'S Sporting Goods by 58.1%, acquiring an additional 2,283 shares, bringing its total to 6,213 shares valued at approximately $1.23 million.
• DICK'S Sporting Goods reported a quarterly EPS of $4.38, exceeding analysts' expectations, and revealed a revenue increase of 5.0% year-over-year, amounting to $3.65 billion.
• Insider trading activity included the sale of shares by EVP Navdeep Gupta and CEO Lauren R. Hobart, with Hobart's sale representing a 6.27% decrease in her ownership stake.

Commerzbank Aktiengesellschaft FI raised its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 58.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,213 shares of the sporting goods retailer's stock after acquiring an additional 2,283 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in DICK'S Sporting Goods were worth $1,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in DICK'S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock valued at $1,179,171,000 after acquiring an additional 471,217 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of DICK'S Sporting Goods by 416.9% in the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after purchasing an additional 2,282,300 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DICK'S Sporting Goods by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock worth $181,225,000 after purchasing an additional 17,534 shares during the last quarter. Invesco Ltd. grew its holdings in shares of DICK'S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock worth $162,924,000 after purchasing an additional 214,718 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of DICK'S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after purchasing an additional 599,025 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK'S Sporting Goods

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

DICK'S Sporting Goods Stock Performance

Shares of DKS stock opened at $211.74 on Friday. The stock has a fifty day moving average of $222.22 and a 200 day moving average of $202.56. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 3.20 and a beta of 1.06. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $3.61 billion. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 33.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DKS shares. UBS Group raised their target price on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 29th. BNP Paribas Exane started coverage on shares of DICK'S Sporting Goods in a report on Friday, September 26th. They issued an "underperform" rating and a $177.00 target price on the stock. Truist Financial raised their target price on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Weiss Ratings upgraded shares of DICK'S Sporting Goods from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Hold" and a consensus price target of $232.05.

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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