CSM Advisors LLC Sells 18,869 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• CSM Advisors LLC reduced its holdings in DICK'S Sporting Goods by 25.3%, selling 18,869 shares and bringing its total ownership to approximately $11.24 million.
• Insider trading activity included EVP Navdeep Gupta selling 13,334 shares for about $3 million, reducing his position by 15.19%.
• DICK'S Sporting Goods reported a quarterly EPS of $3.37 and revenue of $3.16 billion, meeting consensus estimates.

CSM Advisors LLC cut its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,772 shares of the sporting goods retailer's stock after selling 18,869 shares during the period. CSM Advisors LLC owned about 0.07% of DICK'S Sporting Goods worth $11,239,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in DICK'S Sporting Goods during the 4th quarter worth approximately $27,000. Ancora Advisors LLC bought a new stake in DICK'S Sporting Goods during the 4th quarter worth approximately $28,000. Private Trust Co. NA grew its position 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 worth $38,000 after acquiring an additional 66 shares during the last quarter. Golden State Wealth Management LLC grew its position in 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 acquiring an additional 201 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in 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 worth $44,000 after acquiring an additional 72 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DKS. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Telsey Advisory Group increased their price objective on DICK'S Sporting Goods from $220.00 to $255.00 and gave the company an "outperform" rating in a research report on Friday. Barclays increased their price objective on DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, TD Cowen lowered 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. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Hold" and an average price target of $225.00.

Insider Buying and Selling at DICK'S Sporting Goods

In related 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the sale, the executive vice president directly owned 18,139 shares in the company, valued at $3,691,286.50. The trade was a 5.35% 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 worth $14,462,923 in the last three months. 32.55% of the stock is owned by insiders.

DICK'S Sporting Goods Stock Performance

DKS stock opened at $227.4270 on Monday. The business's fifty day moving average is $207.23 and its 200-day moving average is $200.81. 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 company has a market cap of $18.21 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 3.25 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60.

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