HS Management Partners LLC Has $70.84 Million Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• HS Management Partners LLC reduced its holdings in DICK'S Sporting Goods by 11.2% in the second quarter, now owning 358,097 shares valued at approximately $70.84 million, which constitutes 5.8% of its portfolio.
• DICK'S Sporting Goods reported $4.38 earnings per share for the last quarter, surpassing analysts' expectations, while its revenue reached $3.65 billion, marking a 5% increase year-over-year.
• The company recently declared a quarterly dividend of $1.2125 per share, representing a yield of 2.1%, with a payout ratio of 33.87%.

HS Management Partners LLC decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 11.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 358,097 shares of the sporting goods retailer's stock after selling 44,945 shares during the period. DICK'S Sporting Goods makes up 5.8% of HS Management Partners LLC's holdings, making the stock its 4th largest position. HS Management Partners LLC owned 0.45% of DICK'S Sporting Goods worth $70,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at $27,000. Private Trust Co. NA raised its position in shares of DICK'S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after acquiring an additional 66 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of DICK'S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after acquiring an additional 201 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 49.3% in the 1st 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. Finally, Ancora Advisors LLC grew its holdings in shares of DICK'S Sporting Goods by 85.4% in the 1st 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. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS opened at $228.34 on Friday. The firm has a market cap of $18.29 billion, a PE ratio of 15.95, a PEG ratio of 3.23 and a beta of 1.02. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a fifty day moving average price of $219.95 and a 200 day moving average price of $200.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share 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 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 company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts predict 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 declared 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. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.1%. DICK'S Sporting Goods's payout ratio is 33.87%.

Insider Activity

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 1,830 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, the senior vice president directly owned 12,465 shares of the company's stock, valued at $2,550,962.25. The trade was a 12.80% decrease in their position. The sale was disclosed in a 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 dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction 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. Insiders have sold a total of 24,467 shares of company stock worth $5,374,805 over the last three months. Insiders own 32.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DKS shares. Wells Fargo & Company boosted their price target on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Telsey Advisory Group reissued an "outperform" rating and issued a $255.00 price target on shares of DICK'S Sporting Goods in a report on Friday, September 19th. BNP Paribas set a $177.00 price target on shares of DICK'S Sporting Goods and gave the company an "underperform" rating in a report on Friday. Citigroup raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price target for the company from $225.00 to $280.00 in a report on Tuesday, September 9th. Finally, Morgan Stanley boosted their price target 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. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $232.05.

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.

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