DICK'S Sporting Goods, Inc. $DKS Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has reduced its stake in DICK'S Sporting Goods, Inc. by 17.2% to approximately 71,029 shares, valued at $14.3 million as of the latest SEC filing.
• Insider trading revealed that Director Robert W. Eddy purchased 1,280 shares for about $249,587, while EVP Julie Lodge-Jarrett sold 1,026 shares valued at $208,791.
• DICK'S Sporting Goods reported earnings of $3.37 per share for the last quarter, matching analysts' expectations, and anticipates an EPS range of $13.800-14.400 for FY 2025.

Hsbc Holdings PLC decreased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 17.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,029 shares of the sporting goods retailer's stock after selling 14,765 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of DICK'S Sporting Goods worth $14,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in DKS. Park Square Financial Group LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at about $27,000. Ancora Advisors LLC acquired a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $28,000. Private Trust Co. NA raised its position 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 worth $38,000 after buying an additional 66 shares during the last quarter. Golden State Wealth Management LLC lifted its stake 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 valued at $43,000 after acquiring an additional 201 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Buying and Selling

In other DICK'S Sporting Goods news, Director Robert W. Eddy bought 1,280 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were acquired at an average cost of $194.99 per share, with a total value of $249,587.20. Following the purchase, the director directly owned 6,048 shares of the company's stock, valued at $1,179,299.52. This trade represents a 26.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $203.50, for a total value of $208,791.00. Following the completion of the sale, the executive vice president owned 18,139 shares of the company's stock, valued at $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock worth $14,462,923 in the last 90 days. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Up 1.8%

Shares of DKS opened at $227.4270 on Monday. The stock has a 50 day moving average price of $207.23 and a 200 day moving average price of $200.81. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. The stock has a market capitalization of $18.21 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 3.25 and a beta of 1.07.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The company had revenue of $3.16 billion for 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. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $1.2125 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is presently 34.69%.

Analyst Ratings Changes

DKS has been the subject of several recent research reports. Telsey Advisory Group raised their target price on shares of DICK'S Sporting Goods from $220.00 to $255.00 and gave the stock an "outperform" rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, May 29th. Loop Capital set a $215.00 price objective on DICK'S Sporting Goods and gave the company a "hold" rating in a report on Wednesday, July 30th. Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a report on Monday, August 18th. Finally, TD Cowen cut DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target for the company. in a research report on Thursday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus price target of $225.00.

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.

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