DICK'S Sporting Goods, Inc. $DKS Stock Holdings Trimmed by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in DICK'S Sporting Goods by 12.4%, holding 19,686 shares worth approximately $3.97 million after selling 2,782 shares.
• DICK'S Sporting Goods reported a strong quarterly earnings, with a net revenue of $3.16 billion, meeting estimates of $3.12 billion and an EPS of $3.37.
• The company also announced a quarterly dividend of $1.2125 per share, with an annualized dividend yield of 2.1% and a payout ratio of 34.69%.

State of New Jersey Common Pension Fund D lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,686 shares of the sporting goods retailer's stock after selling 2,782 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in DICK'S Sporting Goods were worth $3,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its holdings in DICK'S Sporting Goods by 1.1% in the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock valued at $955,000 after acquiring an additional 53 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in DICK'S Sporting Goods by 5.9% in the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after acquiring an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in DICK'S Sporting Goods by 4.9% in the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after acquiring an additional 60 shares during the last quarter. Private Advisor Group LLC boosted its holdings in DICK'S Sporting Goods by 4.4% in the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock valued at $292,000 after acquiring an additional 61 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 1.8%

Shares of NYSE DKS traded up $4.0170 during midday trading on Friday, reaching $227.4270. 1,583,001 shares of the company's stock were exchanged, compared to its average volume of 1,147,956. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock has a market capitalization of $18.21 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 3.19 and a beta of 1.07. 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 business's fifty day moving average price is $207.23 and its two-hundred day moving average price is $201.35.

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 analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%.The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. Analysts forecast 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 announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is presently 34.69%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DKS. Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Robert W. Baird reduced their price objective 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 boosted their price objective on DICK'S Sporting Goods from $220.00 to $255.00 and gave the stock an "outperform" rating in a research note on Friday. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Truist Financial set a $230.00 price objective on DICK'S Sporting Goods in a research note on Wednesday, May 28th. Nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Hold" and an average price target of $225.00.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the business's stock in a transaction dated 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 $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 Securities & Exchange Commission, which is available through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the business's stock in a transaction dated 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 approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,200 shares of company stock valued at $14,462,923. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods 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.