Dimensional Fund Advisors LP Has $181.23 Million Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Dimensional Fund Advisors LP increased its stake in DICK'S Sporting Goods by 2.0%, owning approximately 1.13% of the company with a value of $181.23 million as of its latest SEC filing.
• DICK'S Sporting Goods reported earnings of $3.37 per share, meeting consensus estimates, and generated $3.16 billion in revenue for the quarter.
• The company announced a quarterly dividend of $1.2125 per share with a dividend yield of 2.1%, reflecting a payout ratio of 34.69%.

Dimensional Fund Advisors LP raised its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 899,154 shares of the sporting goods retailer's stock after purchasing an additional 17,534 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.13% of DICK'S Sporting Goods worth $181,225,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of DICK'S Sporting Goods by 8.8% during the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after buying an additional 471,217 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of DICK'S Sporting Goods by 36.2% during the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock worth $162,924,000 after buying an additional 214,718 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of DICK'S Sporting Goods by 1,899.2% during the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock worth $127,097,000 after buying an additional 599,025 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of DICK'S Sporting Goods by 27.9% during the fourth quarter. Northern Trust Corp now owns 594,995 shares of the sporting goods retailer's stock worth $136,159,000 after buying an additional 129,783 shares in the last quarter. Finally, HS Management Partners LLC lifted its holdings in shares of DICK'S Sporting Goods by 24.3% during the first quarter. HS Management Partners LLC now owns 403,042 shares of the sporting goods retailer's stock worth $81,237,000 after buying an additional 78,875 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Insider Buying and Selling

In other news, EVP Julie Lodge-Jarrett sold 3,541 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the transaction, the executive vice president owned 19,165 shares of the company's stock, valued at $3,583,855. This represents a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Eddy acquired 1,357 shares of the stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average cost of $185.31 per share, with a total value of $251,465.67. Following the purchase, the director directly owned 4,768 shares of the company's stock, valued at $883,558.08. This trade represents a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 over the last three months. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

NYSE DKS traded up $4.0170 during trading on Friday, hitting $227.4270. 1,583,001 shares of the company's stock were exchanged, compared to its average volume of 1,147,956. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $18.20 billion, a PE ratio of 16.27, a P/E/G ratio of 3.25 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The stock's 50 day moving average price is $207.23 and its two-hundred day moving average price is $201.08.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, hitting the consensus estimate of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate 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 expect 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. Shareholders of record on Friday, June 13th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.1%. DICK'S Sporting Goods's payout ratio is presently 34.69%.

Wall Street Analyst Weigh In

DKS has been the subject of a number of research reports. Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Telsey Advisory Group boosted their price target on DICK'S Sporting Goods from $220.00 to $255.00 and gave the company an "outperform" rating in a research note on Friday. Barclays boosted their price target on DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. TD Cowen downgraded 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 note on Thursday, May 15th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus 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.