DICK'S Sporting Goods, Inc. $DKS is Capricorn Fund Managers Ltd's 9th Largest Position

Key Points

• Capricorn Fund Managers Ltd has significantly increased its stake in DICK'S Sporting Goods by 250%, making it the company’s 9th largest position with 35,000 shares valued at approximately $6.9 million.
• The stock has received varied price targets from analysts, with UBS Group raising their target to $275 and a consensus target price of $232.05 across eleven analysts.
• DICK'S Sporting Goods reported earnings of $4.38 per share for the last quarter, surpassing estimates, with revenues of $3.65 billion indicating a year-over-year growth of 5%.

Capricorn Fund Managers Ltd raised its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 250.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,000 shares of the sporting goods retailer's stock after buying an additional 25,000 shares during the quarter. DICK'S Sporting Goods comprises about 3.3% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 9th largest holding. Capricorn Fund Managers Ltd's holdings in DICK'S Sporting Goods were worth $6,923,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of 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 last quarter. Fifth Third Bancorp increased its holdings in shares of DICK'S Sporting Goods by 27.5% during the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after acquiring an additional 209 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of DICK'S Sporting Goods during the first quarter valued at about $54,000. OneDigital Investment Advisors LLC acquired a new position in shares of DICK'S Sporting Goods during the first quarter valued at about $214,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of DICK'S Sporting Goods by 18.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer's stock valued at $3,279,000 after acquiring an additional 2,606 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DKS. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a report on Wednesday, July 30th. DA Davidson set a $250.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, August 29th. UBS Group upped their price objective on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 29th. Telsey Advisory Group restated an "outperform" rating and set a $255.00 price objective on shares of DICK'S Sporting Goods in a report on Friday, September 19th. Finally, Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $232.05.

Insider Buying and Selling

In other news, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 $16,749,900. This trade represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of the firm's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,720 shares of company stock worth $9,432,412 in the last ninety days. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $231.98 on Friday. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company's 50 day moving average is $221.19 and its 200 day moving average is $201.75. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.58 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $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, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 33.87%.

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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