B. Metzler seel. Sohn & Co. AG Grows Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• B. Metzler seel. Sohn & Co. AG has significantly increased its stake in DICK'S Sporting Goods by 90.2%, owning 8,202 shares worth approximately $1.65 million.
• Insider transactions include EVP Julie Lodge-Jarrett selling 3,541 shares, while Director Robert W. Eddy bought 1,357 shares, indicating mixed signals regarding insider confidence.
• Analysts have raised their price targets for DICK'S Sporting Goods, with ten analysts rating it as a Buy and a consensus price target of approximately $233.21.

B. Metzler seel. Sohn & Co. AG grew its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 90.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,202 shares of the sporting goods retailer's stock after purchasing an additional 3,890 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in DICK'S Sporting Goods were worth $1,653,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Oder Investment Management LLC boosted its stake in shares of DICK'S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock worth $1,060,000 after purchasing an additional 51 shares during the last quarter. US Bancorp DE boosted its stake in shares of DICK'S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after purchasing an additional 53 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of DICK'S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after purchasing an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its stake in shares of DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after purchasing an additional 60 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of DICK'S Sporting Goods by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock worth $292,000 after purchasing an additional 61 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total transaction of $662,167.00. Following the sale, the executive vice president owned 19,165 shares in the company, valued at $3,583,855. This trade represents a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the transaction, the chief executive officer owned 299,990 shares of the company's stock, valued at $61,371,954.20. This trade represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 in the last three months. 32.55% of the stock is owned by company insiders.

Analyst Ratings Changes

DKS has been the topic 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. Wells Fargo & Company raised their target price on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Robert W. Baird decreased their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $255.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, August 28th. 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. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Hold" and a consensus price target of $235.00.

DICK'S Sporting Goods Trading Up 2.0%

NYSE DKS traded up $4.14 during mid-day trading on Thursday, hitting $214.34. The company's stock had a trading volume of 373,703 shares, compared to its average volume of 1,536,916. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock's fifty day simple moving average is $213.72 and its two-hundred day simple moving average is $200.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.47. The firm has a market capitalization of $17.16 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 3.11 and a beta of 1.02.

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 EPS for the quarter, beating 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 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 firm posted $4.37 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a $1.2125 dividend. The ex-dividend date is Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 33.87%.

DICK'S Sporting Goods Company 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.