DICK'S Sporting Goods, Inc. $DKS Shares Sold by Zuckerman Investment Group LLC

Key Points

• Zuckerman Investment Group LLC recently reduced its stake in DICK'S Sporting Goods, Inc. by 2.4%, making it their 8th largest position, with ownership of around 120,796 shares valued at approximately $24.35 million.
• A number of institutional investors, including Vanguard Group Inc. and Wellington Management, have increased their holdings in DICK'S Sporting Goods, contributing to 89.83% of the company's stock being owned by hedge funds and institutional investors.
• Analysts have mixed views on DICK'S Sporting Goods, with price target adjustments ranging from $185.00 to $232.00 and a consensus rating of "Hold," while the company recently declared a quarterly dividend with a yield of 2.1%.

Zuckerman Investment Group LLC lessened its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,796 shares of the sporting goods retailer's stock after selling 2,968 shares during the period. DICK'S Sporting Goods comprises 2.6% of Zuckerman Investment Group LLC's portfolio, making the stock its 8th biggest holding. Zuckerman Investment Group LLC owned approximately 0.15% of DICK'S Sporting Goods worth $24,348,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MML Investors Services LLC lifted its stake in DICK'S Sporting Goods by 32.4% during the fourth quarter. MML Investors Services LLC now owns 5,483 shares of the sporting goods retailer's stock worth $1,255,000 after purchasing an additional 1,342 shares during the period. Stifel Financial Corp raised its position in DICK'S Sporting Goods by 126.6% in the 4th quarter. Stifel Financial Corp now owns 19,918 shares of the sporting goods retailer's stock worth $4,558,000 after purchasing an additional 11,127 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in DICK'S Sporting Goods by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 222,582 shares of the sporting goods retailer's stock worth $50,936,000 after purchasing an additional 4,075 shares during the last quarter. MGO One Seven LLC bought a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $209,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $4,920,000. Institutional investors own 89.83% of the company's stock.

Insider Activity

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the completion of the transaction, the senior vice president owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $187.00, for a total transaction of $662,167.00. Following the transaction, the executive vice president directly owned 19,165 shares of the company's stock, valued at $3,583,855. This represents a 15.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of analyst reports. DA Davidson reaffirmed a "buy" rating and set a $230.00 target price on shares of DICK'S Sporting Goods in a report on Friday, June 27th. Wells Fargo & Company boosted their price objective on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday. Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Oppenheimer reissued an "outperform" rating and issued a $270.00 target price on shares of DICK'S Sporting Goods in a research note on Friday. Finally, TD Cowen cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price on the stock. in a report on Thursday, May 15th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $233.21.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS traded down $2.83 during trading hours on Friday, hitting $212.25. 4,116,067 shares of the stock were exchanged, compared to its average volume of 1,685,300. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.47 and a current ratio of 1.70. The company has a market cap of $16.99 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 3.16 and a beta of 1.07. The company's fifty day simple moving average is $211.90 and its two-hundred day simple moving average is $200.76. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business posted $4.37 earnings per share. The company'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 predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $1.2125 dividend. The ex-dividend date is Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 33.87%.

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.