Credit Agricole S A Sells 1,653 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Credit Agricole S A has reduced its stake in DICK'S Sporting Goods by 9% during the first quarter, now owning 16,619 shares valued at approximately $3.35 million.
• Other institutional investors have increased their positions, with Wellington Management increasing its stake by an astounding 416.9%, owning nearly 2.83 million shares worth around $570.37 million.
• DICK'S Sporting Goods recently paid a quarterly dividend of $1.2125 per share, equating to an annualized dividend of $4.85 and a yield of 2.1%.

Credit Agricole S A trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,619 shares of the sporting goods retailer's stock after selling 1,653 shares during the quarter. Credit Agricole S A's holdings in DICK'S Sporting Goods were worth $3,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oder Investment Management LLC boosted its holdings in shares of DICK'S Sporting Goods by 1.0% during the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock worth $1,060,000 after purchasing an additional 51 shares during the period. US Bancorp DE boosted its holdings in shares of DICK'S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after purchasing an additional 53 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of DICK'S Sporting Goods by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after purchasing an additional 57 shares during the period. Pine Haven Investment Counsel Inc boosted its holdings in shares of DICK'S Sporting Goods by 4.9% during the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after purchasing an additional 60 shares during the period. Finally, Private Advisor Group LLC raised its position in DICK'S Sporting Goods by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock valued at $292,000 after acquiring an additional 61 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the topic of several recent research reports. TD Cowen lowered shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research report on Thursday, May 15th. Robert W. Baird cut their price objective on shares of 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. Wells Fargo & Company raised their price objective on shares of DICK'S Sporting Goods from $187.00 to $215.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, DA Davidson reaffirmed a "buy" rating and set a $230.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $225.00.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $0.3750 during trading on Monday, reaching $228.0050. The stock had a trading volume of 1,896,503 shares, compared to its average volume of 1,181,576. 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 $18.25 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 3.25 and a beta of 1.07. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $208.22 and a two-hundred day simple moving average of $200.77.

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

Insider Buying and Selling at DICK'S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the business's stock in a transaction on 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 sale, the executive vice president directly owned 19,165 shares in the company, valued at $3,583,855. This trade represents a 15.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 in the last three months. 32.55% of the stock is owned by insiders.

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.