Doliver Advisors LP Purchases New Shares in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Doliver Advisors LP has acquired a new stake in DICK'S Sporting Goods, purchasing 2,450 shares valued at approximately $485,000 during the 2nd quarter.
• DICK'S Sporting Goods recently reported a quarterly EPS of $4.38, surpassing analysts' expectations of $4.30, alongside a year-over-year revenue increase of 5.0%.
• The company announced a quarterly dividend of $1.2125 per share, which will be paid on September 26th, representing an annualized yield of 2.2%.

Doliver Advisors LP purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,450 shares of the sporting goods retailer's stock, valued at approximately $485,000.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at $27,000. Private Trust Co. NA lifted its position in shares of 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 acquiring an additional 66 shares during the period. Golden State Wealth Management LLC lifted its position in shares of 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 acquiring an additional 201 shares during the period. Bessemer Group Inc. lifted its position in shares of 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 acquiring an additional 72 shares during the period. Finally, Ancora Advisors LLC lifted its position in shares of DICK'S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after acquiring an additional 105 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 40,166 shares of the company's stock in a transaction dated 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 owned 299,990 shares of the company's stock, valued at $61,371,954.20. This represents a 11.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company'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 transaction, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,200 shares of company stock worth $14,462,923. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock opened at $221.57 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. 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 $17.75 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 3.31 and a beta of 1.02. The stock has a fifty day moving average of $216.61 and a 200-day moving average of $199.90.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the previous year, the firm earned $4.37 EPS. DICK'S Sporting Goods's revenue was up 5.0% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 is presently 33.87%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DKS shares. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Morgan Stanley upped their target price on DICK'S Sporting Goods from $232.00 to $253.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Citigroup upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their target price for the company from $225.00 to $280.00 in a research report on Tuesday. Bank of America cut their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Finally, Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.83.

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.

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