DICK'S Sporting Goods, Inc. $DKS Shares Purchased by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in DICK'S Sporting Goods by 0.2%, owning approximately 0.75% of the company worth about $120.19 million after purchasing additional shares.
• DICK'S Sporting Goods reported earnings of $3.37 per share for the recently ended quarter, matching consensus estimates, and had revenue of $3.16 billion, exceeding analyst expectations.
• The company announced a quarterly dividend of $1.2125 per share, which translates to an annualized yield of 2.1%, with a payout ratio of 34.69%.

Northern Trust Corp lifted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 0.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 596,286 shares of the sporting goods retailer's stock after purchasing an additional 1,291 shares during the quarter. Northern Trust Corp owned about 0.75% of DICK'S Sporting Goods worth $120,187,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Westfield Capital Management Co. LP grew its holdings in shares of DICK'S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after purchasing an additional 599,025 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of DICK'S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock valued at $1,179,171,000 after purchasing an additional 471,217 shares in the last quarter. Junto Capital Management LP acquired a new stake in shares of DICK'S Sporting Goods during the fourth quarter valued at about $89,351,000. GAMMA Investing LLC lifted its stake in shares of DICK'S Sporting Goods by 24,140.8% in the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer's stock worth $58,827,000 after acquiring an additional 290,655 shares during the period. Finally, Invesco Ltd. lifted its stake in DICK'S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock valued at $162,924,000 after buying an additional 214,718 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DKS. Truist Financial set a $230.00 price objective on DICK'S Sporting Goods in a report on Wednesday, May 28th. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. UBS Group reduced their price objective on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. TD Cowen lowered DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a research report on Thursday, May 15th. Finally, Robert W. Baird dropped their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $223.33.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 1,830 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the sale, the chief executive officer directly owned 299,990 shares of the company's stock, valued at $61,371,954.20. The trade was a 11.81% 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 worth $14,462,923. 32.55% of the stock is currently owned by company insiders.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $1.04 during mid-day trading on Tuesday, reaching $226.80. The stock had a trading volume of 3,371,069 shares, compared to its average volume of 1,219,814. The company has a market cap of $18.16 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 3.33 and a beta of 1.07. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The business's 50 day moving average price is $209.26 and its 200 day moving average price is $200.95. 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 announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%.The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. Research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

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.