HighTower Advisors LLC Grows Stock Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• HighTower Advisors LLC increased its stake in DICK'S Sporting Goods by 109.7% in the first quarter, owning 26,750 shares valued at approximately $5.39 million.
• Analysts have set diverse price targets for DICK'S Sporting Goods, with Loop Capital and DA Davidson each establishing a $230.00 target, while JPMorgan Chase decreased its target to $195.00.
• DICK'S Sporting Goods recently announced a quarterly dividend of $1.2125 per share, reflecting an annual yield of 2.1%, with a payout ratio of 34.69%.

HighTower Advisors LLC lifted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 109.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,750 shares of the sporting goods retailer's stock after acquiring an additional 13,994 shares during the quarter. HighTower Advisors LLC's holdings in DICK'S Sporting Goods were worth $5,392,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DKS. NewEdge Advisors LLC increased its position in DICK'S Sporting Goods by 2.9% in the fourth quarter. NewEdge Advisors LLC now owns 2,821 shares of the sporting goods retailer's stock worth $646,000 after buying an additional 80 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in DICK'S Sporting Goods in the fourth quarter worth $2,426,000. GeoWealth Management LLC increased its position in DICK'S Sporting Goods by 17.3% in the fourth quarter. GeoWealth Management LLC now owns 785 shares of the sporting goods retailer's stock worth $180,000 after buying an additional 116 shares during the last quarter. Dimensional Fund Advisors LP increased its position in DICK'S Sporting Goods by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock worth $201,768,000 after buying an additional 86,064 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in DICK'S Sporting Goods by 8.8% in the fourth quarter. MetLife Investment Management LLC now owns 32,799 shares of the sporting goods retailer's stock worth $7,506,000 after buying an additional 2,664 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 1,026 shares of DICK'S Sporting Goods 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 owned 18,139 shares of the company's stock, valued at approximately $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The transaction 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 dated 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 owned 74,444 shares in the company, valued at $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock valued at $14,462,923 in the last ninety days. 32.55% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded up $4.0170 during trading hours on Friday, hitting $227.4270. 1,583,001 shares of the company's stock traded hands, compared to its average volume of 1,147,956. The firm has a market cap of $18.21 billion, a P/E ratio of 16.27, a P/E/G ratio of 3.19 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The business's fifty day simple moving average is $207.23 and its two-hundred day simple moving average is $201.35. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49.

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

DICK'S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid 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 yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.69%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of recent research reports. Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Barclays raised their price target on DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. DA Davidson reaffirmed a "buy" rating and issued a $230.00 price target on shares of DICK'S Sporting Goods in a report on Friday, June 27th. Loop Capital set a $215.00 price target on DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $225.00.

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.