Harbor Capital Advisors Inc. Has $1.89 Million Stock Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Harbor Capital Advisors Inc. increased its stake in DICK'S Sporting Goods by 29.7%, acquiring 2,182 shares during the second quarter, resulting in total holdings valued at approximately $1.886 million.
• DICK'S Sporting Goods has reported a 5.0% revenue increase year-over-year for the latest quarter, with earnings per share of $4.38, surpassing analyst expectations.
• The company declared a quarterly dividend of $1.2125 per share, offering a yield of 2.2%, with the ex-dividend date set for September 12.

Harbor Capital Advisors Inc. grew its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 29.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,535 shares of the sporting goods retailer's stock after acquiring an additional 2,182 shares during the period. Harbor Capital Advisors Inc.'s holdings in DICK'S Sporting Goods were worth $1,886,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in DICK'S Sporting Goods by 8.8% in the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after purchasing an additional 471,217 shares in the last quarter. Wellington Management Group LLP grew its position in shares of DICK'S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after acquiring an additional 2,282,300 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of DICK'S Sporting Goods by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock valued at $181,225,000 after acquiring an additional 17,534 shares during the last quarter. Invesco Ltd. increased its holdings in shares of DICK'S Sporting Goods by 36.2% in the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock valued at $162,924,000 after acquiring an additional 214,718 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of DICK'S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock valued at $127,097,000 after acquiring an additional 599,025 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded down $5.15 during mid-day trading on Friday, reaching $222.06. 1,972,666 shares of the stock were exchanged, compared to its average volume of 2,292,784. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $218.01 and a 200 day moving average price of $199.93. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The firm has a market capitalization of $17.79 billion, a PE ratio of 15.51, a PEG ratio of 3.18 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued 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 currently 33.87%.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction on Friday, June 27th. The stock was 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 directly owned 18,139 shares of the company's stock, valued at $3,691,286.50. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Navdeep Gupta sold 13,334 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was 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 $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,200 shares of company stock worth $14,462,923. 32.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DKS has been the subject of a number of research reports. Bank of America decreased their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Wells Fargo & Company lifted their target price on DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their target price on DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $235.83.

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.