Resona Asset Management Co. Ltd. Raises Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Resona Asset Management Co. Ltd. has increased its stake in DICK'S Sporting Goods by 8.4%, owning 18,325 shares valued at approximately $3.69 million as of the end of the 1st quarter.
• DICK'S Sporting Goods recently announced a quarterly dividend of $1.2125, equating to an annualized yield of 2.2%.
• CEO Lauren R. Hobart sold 40,166 shares of the company's stock, reducing her position by 11.81% while Director Robert W. Eddy increased his stake by acquiring 1,357 shares.

Resona Asset Management Co. Ltd. lifted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,325 shares of the sporting goods retailer's stock after acquiring an additional 1,415 shares during the period. Resona Asset Management Co. Ltd.'s holdings in DICK'S Sporting Goods were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DKS. US Bancorp DE boosted its stake 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 buying an additional 53 shares during the last quarter. EP Wealth Advisors LLC boosted its stake 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 buying an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its stake 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 buying an additional 60 shares during the last quarter. Private Advisor Group LLC boosted its stake 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 buying an additional 61 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in DICK'S Sporting Goods by 54.1% during the first 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. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Trading Up 2.0%

Shares of DICK'S Sporting Goods stock traded up $4.3910 during trading hours on Friday, hitting $227.8010. The company's stock had a trading volume of 379,532 shares, compared to its average volume of 1,463,771. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The firm has a fifty day moving average of $206.21 and a 200-day moving average of $201.43. The stock has a market cap of $18.24 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 3.18 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.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting the consensus estimate of $3.37. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. Research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Analyst Ratings Changes

A number of research firms have weighed in on DKS. Bank of America lowered their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. 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. Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday. DA Davidson reissued a "buy" rating and set a $230.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Finally, Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Hold" and a consensus price target of $225.00.

Insider Transactions at DICK'S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the business'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 sale, the senior vice president owned 12,465 shares in the company, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of the business'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 completion of the sale, the executive vice president owned 18,139 shares in the company, valued at $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 three months, insiders have sold 69,200 shares of company stock worth $14,462,923. 32.55% of the stock is owned by corporate insiders.

About DICK'S Sporting Goods

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.