DICK'S Sporting Goods, Inc. $DKS Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC has reduced its stake in DICK'S Sporting Goods, Inc. by 49.7%, now holding 28,063 shares valued at approximately $5.66 million.
• DICK'S Sporting Goods reported earnings of $4.38 per share, surpassing estimates, and projected a FY 2025 EPS guidance of 13.900-14.500.
• The company declared a quarterly dividend of $1.2125 per share, with a dividend yield of 2.1%, set to be paid on September 26th.

Empowered Funds LLC lessened its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 49.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,063 shares of the sporting goods retailer's stock after selling 27,677 shares during the period. Empowered Funds LLC's holdings in DICK'S Sporting Goods were worth $5,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DKS. Cetera Investment Advisers lifted its holdings in shares of DICK'S Sporting Goods by 12.8% in the fourth quarter. Cetera Investment Advisers now owns 14,138 shares of the sporting goods retailer's stock valued at $3,235,000 after purchasing an additional 1,600 shares in the last quarter. Ethic Inc. lifted its holdings in shares of DICK'S Sporting Goods by 54.6% in the fourth quarter. Ethic Inc. now owns 1,795 shares of the sporting goods retailer's stock valued at $411,000 after purchasing an additional 634 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of DICK'S Sporting Goods by 27.1% in the fourth quarter. Focus Partners Wealth now owns 4,427 shares of the sporting goods retailer's stock valued at $1,015,000 after purchasing an additional 945 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of DICK'S Sporting Goods by 15.9% in the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of DICK'S Sporting Goods by 7.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,999 shares of the sporting goods retailer's stock valued at $4,805,000 after purchasing an additional 1,436 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Buying and Selling

In other news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the sale, the executive vice president owned 74,444 shares of the company's stock, valued at $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the stock in a transaction on Friday, June 27th. The stock was 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 directly owned 299,990 shares of the company's stock, valued at $61,371,954.20. The trade was a 11.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on DKS shares. UBS Group upped their price target on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 29th. Oppenheimer reissued an "outperform" rating and set a $270.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a research note on Wednesday, July 30th. DA Davidson set a $250.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. Finally, Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. Ten equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $235.83.

DICK'S Sporting Goods Trading Down 4.1%

DKS stock traded down $9.37 on Friday, hitting $221.57. 1,850,532 shares of the company were exchanged, compared to its average volume of 2,293,027. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The business's fifty day moving average is $216.61 and its two-hundred day moving average is $199.56. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 3.17 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping 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 firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business posted $4.37 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

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

DICK'S Sporting Goods 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.