Janney Montgomery Scott LLC Has $5.32 Million Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Janney Montgomery Scott LLC increased its stake in DICK'S Sporting Goods by 29.0% in Q2, owning 26,912 shares valued at approximately $5.32 million.
• Institutional investors and hedge funds own 89.83% of DICK'S Sporting Goods stock, indicating strong investor confidence in the retailer.
• The company reported earnings of $4.38 per share for the last quarter, exceeding analyst expectations and reflecting a 5.0% year-over-year revenue growth to $3.65 billion.

Janney Montgomery Scott LLC raised its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 29.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,912 shares of the sporting goods retailer's stock after acquiring an additional 6,053 shares during the quarter. Janney Montgomery Scott LLC's holdings in DICK'S Sporting Goods were worth $5,324,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Private Trust Co. NA increased its position in 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 worth $38,000 after purchasing an additional 66 shares in the last quarter. Golden State Wealth Management LLC grew 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 worth $43,000 after buying an additional 201 shares during the last quarter. Bessemer Group Inc. increased its holdings 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 buying an additional 72 shares in the last quarter. Ancora Advisors LLC lifted its stake 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 acquiring an additional 105 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of DICK'S Sporting Goods by 91.2% during the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock valued at $52,000 after acquiring an additional 124 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America lowered their target price on 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. JPMorgan Chase & Co. boosted their price target on DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of DICK'S Sporting Goods in a report on Saturday, September 27th. UBS Group raised their price target on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, DA Davidson set a $250.00 price target on shares of DICK'S Sporting Goods in a report on Friday, August 29th. Eleven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus 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 the firm's 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 sale, the chief executive officer owned 299,990 shares of the company's stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the business's 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 completion of the transaction, the executive vice president directly owned 74,444 shares in the company, valued at approximately $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 42,720 shares of company stock valued at $9,432,412 in the last ninety days. 32.55% of the stock is currently owned by insiders.

DICK'S Sporting Goods Trading Down 0.6%

DKS opened at $229.95 on Tuesday. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a fifty day moving average of $221.40 and a 200-day moving average of $202.09. The stock has a market cap of $18.42 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 3.32 and a beta of 1.06. 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 (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. DICK'S Sporting Goods's revenue for the quarter was up 5.0% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is presently 33.87%.

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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