DICK'S Sporting Goods, Inc. $DKS Shares Acquired by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in DICK'S Sporting Goods by 64.0%, owning approximately 0.16% of the company's stock, valued at $24.86 million.
• CEO Lauren R. Hobart sold 20,083 shares for $4.43 million, resulting in a 6.27% decrease in her position, while insiders collectively own 32.55% of the company's stock.
• DICK'S Sporting Goods reported Q2 earnings of $4.38 per share, exceeding expectations, and declared a quarterly dividend of $1.2125 per share with an annualized yield of 2.1%.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 64.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,674 shares of the sporting goods retailer's stock after purchasing an additional 49,064 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.16% of DICK'S Sporting Goods worth $24,860,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DKS. Private Trust Co. NA grew its position in shares of DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after purchasing an additional 66 shares during the last quarter. Golden State Wealth Management LLC boosted its position in DICK'S Sporting Goods by 1,435.7% during the first 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. Bessemer Group Inc. boosted its position in 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 worth $44,000 after acquiring an additional 72 shares during the last quarter. Ancora Advisors LLC boosted its position in DICK'S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock worth $46,000 after acquiring an additional 105 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in DICK'S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock worth $52,000 after acquiring an additional 124 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 owned 299,990 shares of the company's stock, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This represents a 15.19% 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

NYSE:DKS opened at $228.20 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The company has a market cap of $18.28 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.26 and a beta of 1.06. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm's 50 day moving average is $224.43 and its two-hundred day moving average is $204.14.

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

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 33.87%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DKS. BNP Paribas set a $177.00 target price on shares of DICK'S Sporting Goods and gave the stock an "underperform" rating in a research report on Friday, September 26th. DA Davidson raised their target price on shares of DICK'S Sporting Goods from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday. BNP Paribas Exane began coverage on shares of DICK'S Sporting Goods in a research report on Friday, September 26th. They set an "underperform" rating and a $177.00 target price on the stock. 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 research report on Friday, August 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Hold" and an average price target of $234.29.

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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