Hager Investment Management Services LLC Cuts Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Hager Investment Management Services LLC has reduced its stake in DICK'S Sporting Goods by 29.5%, owning 2,892 shares valued at $572,000 after the cut.
• CEO Lauren R. Hobart recently sold 20,083 shares of DICK'S stock for over $4.4 million, decreasing her ownership by 6.27%.
• DICK'S Sporting Goods reported an EPS of $4.38 for the latest quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 5.0%.

Hager Investment Management Services LLC lowered its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 29.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,892 shares of the sporting goods retailer's stock after selling 1,211 shares during the period. Hager Investment Management Services LLC's holdings in DICK'S Sporting Goods were worth $572,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DKS. Private Trust Co. NA increased its stake in shares of DICK'S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after buying an additional 66 shares during the period. Golden State Wealth Management LLC increased its stake in shares of DICK'S Sporting Goods by 1,435.7% during the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after buying an additional 201 shares during the period. Bessemer Group Inc. increased its stake 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 valued at $44,000 after buying an additional 72 shares during the period. Ancora Advisors LLC increased its stake in shares of DICK'S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after buying an additional 105 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of DICK'S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock valued at $52,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DKS. Bank of America cut their price target 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. Truist Financial raised their price objective on DICK'S Sporting Goods from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Friday, August 29th. DA Davidson set a $250.00 price objective on DICK'S Sporting Goods in a research report on Friday, August 29th. Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Finally, BNP Paribas set a $177.00 price objective on DICK'S Sporting Goods and gave the company an "underperform" rating in a research report on Friday, September 26th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $232.05.

Insider Activity at DICK'S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of DICK'S Sporting Goods stock in a transaction that occurred on Monday, September 29th. The stock was 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 trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 transaction, the executive vice president owned 74,444 shares of the company's stock, valued at approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.55% of the stock is currently owned by company insiders.

DICK'S Sporting Goods Trading Up 1.1%

DICK'S Sporting Goods stock opened at $227.35 on Thursday. 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 52 week low of $166.37 and a 52 week high of $254.60. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 3.22 and a beta of 1.06. The stock has a 50-day moving average price of $221.87 and a 200 day moving average price of $202.42.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping analysts' consensus estimates 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%.The company's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

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

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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