DICK'S Sporting Goods, Inc. $DKS Shares Acquired by Town & Country Bank & Trust CO dba First Bankers Trust CO

Key Points

• Town & Country Bank & Trust CO increased its stake in DICK'S Sporting Goods by 18.7% in Q2, acquiring a total of 16,574 shares valued at approximately $3.28 million.
• DICK'S Sporting Goods reported earnings of $4.38 EPS for the last quarter, exceeding estimates, with a revenue of $3.65 billion, representing a 5% year-over-year increase.
• The company announced a quarterly dividend of $1.2125 per share, giving an annual yield of 2.2%, with the ex-dividend date on September 12.

Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 18.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,574 shares of the sporting goods retailer's stock after buying an additional 2,606 shares during the quarter. DICK'S Sporting Goods accounts for approximately 1.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings, making the stock its 24th biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in DICK'S Sporting Goods were worth $3,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. Park Square Financial Group LLC purchased a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth about $27,000. Private Trust Co. NA grew its stake 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 valued at $38,000 after purchasing an additional 66 shares in the last quarter. Golden State Wealth Management LLC increased its holdings 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 purchasing an additional 201 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of DICK'S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after buying an additional 72 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in DICK'S Sporting Goods by 85.4% in the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after acquiring an additional 105 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 in the company, valued at approximately $3,583,855. This trade represents a 15.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. This represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock worth $14,462,923 in the last quarter. 32.55% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Stock Performance

DKS stock opened at $219.84 on Tuesday. The company has a 50-day simple moving average of $218.23 and a 200 day simple moving average of $199.86. The company has a market capitalization of $17.61 billion, a P/E ratio of 15.35, a PEG ratio of 3.18 and a beta of 1.02. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS 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 period in the previous year, the firm earned $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company 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. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is 33.87%.

Analysts Set New Price Targets

DKS has been the subject of several research analyst reports. 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. Bank of America lowered their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Barclays upped their price target on DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Finally, Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average price target of $235.83.

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.

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.