Kestra Advisory Services LLC Sells 1,700 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Kestra Advisory Services LLC reduced its stake in DICK'S Sporting Goods by 18.0% in Q1, holding 7,730 shares worth approximately $1.56 million.
• Analysts are mixed on DICK'S stock, with ratings ranging from "buy" with target prices between $240.00 and $270.00, to a consensus "hold" rating and an average target of $233.21.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, reflecting an annual yield of 2.3%, with the payout ratio currently at 33.87%.

Kestra Advisory Services LLC trimmed its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,730 shares of the sporting goods retailer's stock after selling 1,700 shares during the period. Kestra Advisory Services LLC's holdings in DICK'S Sporting Goods were worth $1,558,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at $27,000. Ancora Advisors LLC purchased a new stake in DICK'S Sporting Goods during the 4th quarter valued at $28,000. Private Trust Co. NA boosted 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 during the last quarter. Golden State Wealth Management LLC boosted 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 purchasing an additional 201 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in DICK'S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded down $0.60 during trading on Friday, reaching $221.43. The company had a trading volume of 500,219 shares, compared to its average volume of 1,546,628. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The firm's 50-day simple moving average is $214.23 and its 200 day simple moving average is $200.02. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its 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. 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 analysts' expectations of $3.61 billion. During the same period last year, the firm earned $4.37 EPS. 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. Sell-side analysts forecast 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 business also recently announced 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. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 33.87%.

Analyst Upgrades and Downgrades

Several analysts have commented on DKS shares. Robert W. Baird cut their target price on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and set a $255.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday, August 28th. Truist Financial increased their target price on DICK'S Sporting Goods from $230.00 to $248.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Oppenheimer restated 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. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $232.50.

Insider Buying and Selling

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's 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 transaction, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This trade represents a 12.80% 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, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,200 shares of company stock worth $14,462,923 in the last quarter. Company insiders own 32.55% of the company's stock.

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.