Foster & Motley Inc. Has $7.19 Million Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Foster & Motley Inc. has reduced its stake in DICK'S Sporting Goods, Inc. by 3.9% to approximately $7.19 million, holding 36,327 shares at the end of the second quarter.
• DICK'S Sporting Goods reported earnings of $4.38 per share, exceeding expectations, with quarterly revenue of $3.65 billion, marking a 5% year-over-year increase.
• Analyst ratings for DICK'S Sporting Goods vary, with a consensus hold rating and price target averaging $233.33, while some analysts have set targets as high as $275.00.

Foster & Motley Inc. lowered its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 3.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,327 shares of the sporting goods retailer's stock after selling 1,487 shares during the period. Foster & Motley Inc.'s holdings in DICK'S Sporting Goods were worth $7,186,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of DICK'S Sporting Goods by 20.3% during the first quarter. GAMMA Investing LLC now owns 1,448 shares of the sporting goods retailer's stock valued at $292,000 after purchasing an additional 244 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in DICK'S Sporting Goods by 255.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,434 shares of the sporting goods retailer's stock worth $6,940,000 after buying an additional 24,746 shares during the period. Ritholtz Wealth Management boosted its position in DICK'S Sporting Goods by 37.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,201 shares of the sporting goods retailer's stock worth $242,000 after buying an additional 325 shares during the period. Janney Montgomery Scott LLC increased its position in DICK'S Sporting Goods by 13.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,859 shares of the sporting goods retailer's stock valued at $4,204,000 after acquiring an additional 2,529 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of DICK'S Sporting Goods by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 6,784 shares of the sporting goods retailer's stock valued at $1,367,000 after acquiring an additional 185 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DKS has been the topic of several analyst reports. Truist Financial boosted their price objective on shares of DICK'S Sporting Goods from $248.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Bank of America cut their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. BNP Paribas Exane began coverage on shares of DICK'S Sporting Goods in a research report on Friday, September 26th. They set an "underperform" rating and a $177.00 target price for the company. Finally, Oppenheimer restated an "outperform" rating and issued a $270.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $233.33.

DICK'S Sporting Goods Price Performance

DICK'S Sporting Goods stock opened at $228.50 on Friday. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 3.30 and a beta of 1.06. 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 debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The stock's 50 day moving average price is $224.01 and its two-hundred day moving average price is $203.43.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. DICK'S Sporting Goods's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.37 EPS. 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 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK'S Sporting Goods's payout ratio is currently 33.87%.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods 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 in the company, valued at $16,749,900. The trade was a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK'S Sporting Goods stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the sale, the chief executive officer owned 299,990 shares of the company's stock, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 32.55% of the company's stock.

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.

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