Global Assets Advisory LLC Makes New Investment in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Global Assets Advisory LLC has acquired a new stake in DICK'S Sporting Goods, purchasing 2,590 shares valued at approximately $533,000 during the 2nd quarter.
• CEO Lauren R. Hobart sold 20,083 shares of the company's stock, decreasing her ownership by 6.27% and highlighting ongoing insider trading activity.
• DICK'S Sporting Goods recently reported earnings of $4.38 EPS, beating the consensus estimate, and announced a $1.2125 quarterly dividend with a yield of 2.1%.

Global Assets Advisory LLC acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,590 shares of the sporting goods retailer's stock, valued at approximately $533,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. lifted its position in DICK'S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after acquiring an additional 72 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of DICK'S Sporting Goods by 27.5% during the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock worth $195,000 after purchasing an additional 209 shares during the period. NBC Securities Inc. acquired a new stake in DICK'S Sporting Goods during the 1st quarter worth approximately $54,000. OneDigital Investment Advisors LLC bought a new stake in DICK'S Sporting Goods in the 1st quarter valued at $214,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in DICK'S Sporting Goods by 18.7% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer's stock valued at $3,279,000 after buying an additional 2,606 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Insiders Place Their Bets

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company's 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 transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the firm's 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 sale, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,720 shares of company stock worth $9,432,412. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DKS stock opened at $231.98 on Monday. The business has a fifty day simple moving average of $221.19 and a 200 day simple moving average of $201.84. The company has a market cap of $18.58 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.32 and a beta of 1.06. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its 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. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.During the same quarter in the previous year, the firm earned $4.37 earnings per share. The business's quarterly 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 forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. The Goldman Sachs Group began coverage on shares of DICK'S Sporting Goods in a research note on Tuesday, September 23rd. They issued a "buy" rating and a $274.00 price objective for the company. Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Truist Financial increased their target price on DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $232.05.

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.

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