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

Other large investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter worth approximately $27,000. Private Trust Co. NA raised its stake in shares of DICK'S Sporting Goods by 54.1% in 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 raised its stake in shares of DICK'S Sporting Goods by 1,435.7% in 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. raised its stake in shares of DICK'S Sporting Goods by 49.3% in 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 grew its holdings in 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 purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,166 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president directly owned 74,444 shares of the company's stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale 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. 32.55% of the stock is owned by insiders.

DICK'S Sporting Goods Stock Up 1.2%

Shares of DKS traded up $2.65 during mid-day trading on Thursday, hitting $225.45. 577,411 shares of the company's stock were exchanged, compared to its average volume of 1,567,508. The company has a market cap of $18.06 billion, a PE ratio of 15.75, a P/E/G ratio of 3.19 and a beta of 1.02. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a 50-day simple moving average of $217.52 and a 200 day simple moving average of $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, beating the consensus estimate of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period last year, the business earned $4.37 earnings per share. The firm'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, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

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 $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's payout ratio is presently 33.87%.

Analyst Ratings Changes

Several research analysts have weighed in on DKS shares. Truist Financial raised their price objective on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Morgan Stanley lifted their price objective on shares of 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. Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Barclays lifted their price objective on shares of DICK'S Sporting Goods from $232.00 to $246.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Ten research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, DICK'S Sporting Goods currently has a consensus rating of "Moderate Buy" and an average price target of $235.83.

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.