Hilltop National Bank Buys Shares of 6,363 DICK'S Sporting Goods, Inc. $DKS

Key Points

• Hilltop National Bank acquired 6,363 shares of DICK'S Sporting Goods, valued at approximately $1,259,000, indicating a growing interest from institutional investors in the company.
• Analysts have raised their target prices for DICK'S Sporting Goods, with Morgan Stanley and UBS Group setting new targets of $253.00 and $275.00, respectively, reflecting a positive outlook on the stock.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, which represents an annualized yield of 2.1%, demonstrating the company's commitment to returning value to shareholders.

Hilltop National Bank purchased a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,363 shares of the sporting goods retailer's stock, valued at approximately $1,259,000.

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. lifted its position 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 in the last quarter. Fifth Third Bancorp lifted its position 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 in the last quarter. NBC Securities Inc. acquired a new stake in shares of DICK'S Sporting Goods during the first quarter worth about $54,000. OneDigital Investment Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods during the first quarter worth about $214,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in DICK'S Sporting Goods by 18.7% in the second 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 acquiring an additional 2,606 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $232.00 to $253.00 and gave the company an "overweight" rating in a report on Friday, August 29th. UBS Group raised their target price on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. BNP Paribas Exane began coverage on shares of DICK'S Sporting Goods in a research report on Friday, September 26th. They set an "underperform" rating and a $177.00 target price on the stock. Barclays lifted their price objective on shares of DICK'S Sporting Goods from $232.00 to $246.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $255.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, September 19th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $232.05.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS opened at $230.42 on Friday. The firm has a market capitalization of $18.46 billion, a P/E ratio of 16.09, a PEG ratio of 3.34 and a beta of 1.06. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company's fifty day moving average is $220.89 and its two-hundred day moving average is $201.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70.

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 company had revenue of $3.65 billion for 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 was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. 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 given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK'S Sporting Goods's payout ratio is presently 33.87%.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the business'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 sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods 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 transaction, the executive vice president directly owned 74,444 shares of the company's stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,720 shares of company stock worth $9,432,412 over the last 90 days. Insiders own 32.55% of the company's stock.

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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