DICK'S Sporting Goods, Inc. $DKS Stake Lowered by Shellback Capital LP

Key Points

• Shellback Capital LP reduced its holdings in DICK'S Sporting Goods by 8.3%, leaving it with approximately 179,000 shares valued at $36 million, making DICK'S its fourth largest investment.
• DICK'S Sporting Goods reported a $4.38 EPS for the last quarter, exceeding estimates, with revenues of $3.65 billion, up 5.0% from the previous year.
• The company declared a quarterly dividend of $1.2125 per share, representing a 2.2% yield based on a payout ratio of 33.87%.

Shellback Capital LP cut its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,000 shares of the sporting goods retailer's stock after selling 16,274 shares during the quarter. DICK'S Sporting Goods accounts for approximately 3.5% of Shellback Capital LP's investment portfolio, making the stock its 4th largest position. Shellback Capital LP owned 0.22% of DICK'S Sporting Goods worth $36,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $27,000. Private Trust Co. NA grew its holdings in shares of 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 purchasing an additional 66 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of DICK'S Sporting Goods by 1,435.7% in the first 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 in the last quarter. Bessemer Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 49.3% in the first 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 in the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of DICK'S Sporting Goods by 85.4% in the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after purchasing an additional 105 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DKS has been the subject of a number of recent research reports. UBS Group raised their target price on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 29th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Citigroup upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price target for the stock from $225.00 to $280.00 in a research report on Tuesday. Cowen restated a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Finally, Oppenheimer restated an "outperform" rating and issued a $270.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $235.83.

DICK'S Sporting Goods Trading Down 2.3%

Shares of NYSE:DKS traded down $5.23 on Friday, hitting $224.49. 560,419 shares of the company's stock were exchanged, compared to its average volume of 1,568,542. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02. The business's 50 day simple moving average is $216.30 and its two-hundred day simple moving average is $199.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the company earned $4.37 earnings per share. The business'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. Analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS 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. Stockholders of record on Friday, September 12th will be given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 33.87%.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Director Robert W. Eddy bought 1,280 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was acquired at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the completion of the transaction, the director owned 6,048 shares in the company, valued at $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 18,139 shares in the company, valued at approximately $3,691,286.50. This represents a 5.35% decrease in their position. 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. 32.55% of the stock is owned by company insiders.

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.