DICK'S Sporting Goods, Inc. $DKS Shares Purchased by Copeland Capital Management LLC

Key Points

• Copeland Capital Management LLC increased its stake in DICK'S Sporting Goods by 12.1%, holding 148,240 shares valued at approximately $29.3 million, as reported in a recent SEC filing.
• DICK'S Sporting Goods reported an EPS of $4.38, exceeding estimates, and projected FY 2025 EPS guidance between 13.900-14.500.
• The company announced a quarterly dividend of $1.2125 per share, translating to a 2.1% yield, with a payout ratio currently at 33.87%.

Copeland Capital Management LLC boosted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 12.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,240 shares of the sporting goods retailer's stock after purchasing an additional 16,001 shares during the period. Copeland Capital Management LLC owned approximately 0.19% of DICK'S Sporting Goods worth $29,324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in DICK'S Sporting Goods by 8.8% in the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after purchasing an additional 471,217 shares during the period. Wellington Management Group LLP grew its holdings in shares of DICK'S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after acquiring an additional 2,282,300 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DICK'S Sporting Goods by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock worth $181,225,000 after acquiring an additional 17,534 shares during the last quarter. Invesco Ltd. grew its holdings in shares of DICK'S Sporting Goods by 36.2% in the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock worth $162,924,000 after acquiring an additional 214,718 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of DICK'S Sporting Goods by 1,899.2% in 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 acquiring an additional 599,025 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Trading Down 1.0%

NYSE DKS opened at $230.42 on Friday. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $18.46 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 3.34 and a beta of 1.06. The firm's fifty day simple moving average is $220.89 and its 200-day simple moving average is $201.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping the consensus estimate of $4.30 by $0.08. The firm 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%. The business's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, sell-side analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is presently 33.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Loop Capital set a $215.00 target price on DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. BNP Paribas Exane started coverage on DICK'S Sporting Goods in a report on Friday, September 26th. They issued an "underperform" rating and a $177.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $255.00 target price on shares of DICK'S Sporting Goods in a research note on Friday, September 19th. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $232.05.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares of the company's stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the transaction, the executive vice president directly owned 74,444 shares in the company, valued at $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,720 shares of company stock worth $9,432,412 over the last three months. Company insiders own 32.55% of the company's stock.

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.

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