DICK'S Sporting Goods, Inc. $DKS Shares Purchased by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. increased its stake in DICK'S Sporting Goods by 240.1%, owning 25,249 shares valued at approximately $5.09 million after acquiring an additional 17,824 shares.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, resulting in an annualized dividend yield of 2.1%.
• The company reported a net margin of 8.49% and a return on equity of 38.06% in its latest earnings report, with expected earnings per share of $13.89 for the current fiscal year.

Eisler Capital Management Ltd. lifted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 240.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,249 shares of the sporting goods retailer's stock after purchasing an additional 17,824 shares during the period. Eisler Capital Management Ltd.'s holdings in DICK'S Sporting Goods were worth $5,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG grew its stake in DICK'S Sporting Goods by 90.2% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 8,202 shares of the sporting goods retailer's stock worth $1,653,000 after acquiring an additional 3,890 shares during the period. Avalon Global Asset Management LLC grew its stake in DICK'S Sporting Goods by 31.8% in the 1st quarter. Avalon Global Asset Management LLC now owns 65,900 shares of the sporting goods retailer's stock worth $13,283,000 after acquiring an additional 15,900 shares during the period. Comerica Bank grew its stake in DICK'S Sporting Goods by 368.2% in the 1st quarter. Comerica Bank now owns 129,085 shares of the sporting goods retailer's stock worth $26,019,000 after acquiring an additional 101,514 shares during the period. Jump Financial LLC purchased a new stake in DICK'S Sporting Goods in the 1st quarter worth approximately $764,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in DICK'S Sporting Goods by 104.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,878 shares of the sporting goods retailer's stock worth $580,000 after acquiring an additional 1,468 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Trading Down 1.3%

Shares of NYSE DKS traded down $2.83 during trading on Friday, hitting $212.25. 4,116,067 shares of the company traded hands, compared to its average volume of 1,685,300. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a 50-day moving average price of $211.90 and a 200-day moving average price of $200.76. The firm has a market capitalization of $16.99 billion, a P/E ratio of 14.82, a P/E/G ratio of 3.16 and a beta of 1.07. The company has a quick ratio of 0.47, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the prior year, the company earned $4.37 EPS. 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, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 1,026 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $203.50, for a total transaction of $208,791.00. Following the completion of the sale, the executive vice president directly owned 18,139 shares of the company's stock, valued at approximately $3,691,286.50. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Eddy purchased 1,280 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average cost of $194.99 per share, with a total value 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 position. The disclosure for this purchase can be found here. Insiders sold 69,200 shares of company stock worth $14,462,923 in the last quarter. Insiders own 32.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on DKS shares. Morgan Stanley lifted their target price on shares of DICK'S Sporting Goods from $232.00 to $253.00 and gave the stock an "overweight" rating in a research note on Friday. Truist Financial lifted their target price on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company lifted their target price on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" 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, August 18th. Finally, Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus price target of $233.21.

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.