Gulf International Bank UK Ltd Sells 1,660 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Gulf International Bank UK Ltd reduced its stake in DICK'S Sporting Goods by 33.6% in Q1, selling 1,660 shares and retaining 3,280 shares valued at approximately $661,000.
• Insider activity included Director Robert W. Eddy purchasing 1,280 shares, increasing his ownership by 26.85%, while EVP Julie Lodge-Jarrett sold 1,026 shares, reflecting a 5.35% decrease in her position.
• DICK'S Sporting Goods declared a quarterly dividend of $1.2125 per share, leading to an annualized dividend yield of 2.2% and a dividend payout ratio of 34.69%.

Gulf International Bank UK Ltd decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 33.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,280 shares of the sporting goods retailer's stock after selling 1,660 shares during the quarter. Gulf International Bank UK Ltd's holdings in DICK'S Sporting Goods were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DKS. XTX Topco Ltd bought a new position in DICK'S Sporting Goods in the fourth quarter valued at $485,000. Bessemer Group Inc. boosted its holdings in shares of 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 purchasing an additional 72 shares during the period. Fifth Third Bancorp raised its stake in DICK'S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock worth $195,000 after buying an additional 209 shares in the last quarter. NBC Securities Inc. bought a new position in DICK'S Sporting Goods in the first quarter worth about $54,000. Finally, Janus Henderson Group PLC raised its stake in 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 worth $2,664,000 after buying an additional 1,594 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Up 1.9%

Shares of DKS traded up $4.3180 during mid-day trading on Friday, reaching $227.7280. The company had a trading volume of 379,532 shares, compared to its average volume of 1,463,771. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. The firm has a 50-day moving average price of $206.21 and a 200 day moving average price of $201.43. 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 market capitalization of $18.23 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 3.18 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting the consensus estimate of $3.37. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. On average, sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

Insider Activity at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction that occurred 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 owned 18,139 shares of the company's stock, valued at $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Eddy purchased 1,280 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost of $194.99 per share, with a total value of $249,587.20. Following the transaction, the director directly owned 6,048 shares of the company's stock, valued at $1,179,299.52. This represents a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 69,200 shares of company stock valued at $14,462,923 over the last ninety days. Corporate insiders own 32.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. UBS Group decreased their price target on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. DA Davidson reiterated a "buy" rating and set a $230.00 target price on shares of DICK'S Sporting Goods in a report on Friday, June 27th. Finally, Truist Financial set a $230.00 price target on DICK'S Sporting Goods in a research report on Wednesday, May 28th. Nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $225.00.

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.