DICK'S Sporting Goods, Inc. $DKS Shares Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its stake in DICK'S Sporting Goods by 6.1% during the 1st quarter, owning 23,258 shares valued at approximately $4.69 million.
• CEO Lauren R. Hobart sold 40,166 shares of the company, reducing her ownership by 11.81%, while other executives also made significant sales during the quarter.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, resulting in an annualized dividend yield of 2.3% and a payout ratio of 33.87%.

Flputnam Investment Management Co. grew its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,258 shares of the sporting goods retailer's stock after purchasing an additional 1,328 shares during the period. Flputnam Investment Management Co.'s holdings in DICK'S Sporting Goods were worth $4,688,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Oder Investment Management LLC boosted its position in DICK'S Sporting Goods by 1.0% during the first 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 in the last quarter. US Bancorp DE boosted its position in DICK'S Sporting Goods by 1.1% during the first 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 in the last quarter. EP Wealth Advisors LLC boosted its position in DICK'S Sporting Goods by 5.9% during the fourth 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 in the last quarter. Pine Haven Investment Counsel Inc boosted its position in DICK'S Sporting Goods by 4.9% during the first 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 in the last quarter. Finally, Private Advisor Group LLC boosted its position in DICK'S Sporting Goods by 4.4% during the first 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 in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the sale, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction on Wednesday, August 13th. The shares were 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 of the company's stock, 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. Over the last three months, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by company insiders.

DICK'S Sporting Goods Trading Down 0.3%

DICK'S Sporting Goods stock traded down $0.64 during trading on Friday, reaching $221.39. 3,435,480 shares of the company were exchanged, compared to its average volume of 1,564,558. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market capitalization of $17.72 billion, a P/E ratio of 15.46, a PEG ratio of 3.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The stock's 50 day simple moving average is $214.23 and its two-hundred day simple moving average is $200.02.

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, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. The company's revenue for the quarter was up 5.0% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. Truist Financial lifted their price target on DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, August 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 note on Thursday, May 15th. Finally, Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. Nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods currently has a consensus rating of "Hold" and a consensus target price of $232.50.

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.