Jump Financial LLC Invests $764,000 in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Jump Financial LLC has acquired a new position in DICK'S Sporting Goods, investing approximately $764,000 to buy 3,789 shares.
• DICK'S Sporting Goods reported better-than-expected quarterly earnings with an EPS of $4.38, exceeding analyst estimates of $4.30, and achieved revenue of $3.65 billion.
• The company recently declared a quarterly dividend of $1.2125 per share, representing a dividend yield of 2.3%, with a payout ratio of 33.87%.

Jump Financial LLC bought a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,789 shares of the sporting goods retailer's stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Park Square Financial Group LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth $27,000. Ancora Advisors LLC acquired a new position in DICK'S Sporting Goods during the 4th quarter worth $28,000. Private Trust Co. NA boosted its holdings in DICK'S Sporting Goods by 54.1% during the first 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 period. Golden State Wealth Management LLC grew its position in shares of DICK'S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock valued at $43,000 after purchasing an additional 201 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of DICK'S Sporting Goods by 49.3% in 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 during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of research analyst reports. UBS Group raised their target price on DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 29th. Morgan Stanley upped 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 research note on Friday, August 29th. Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Finally, Bank of America reduced their target price on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $235.00.

DICK'S Sporting Goods Price Performance

DKS stock traded up $11.30 during trading on Thursday, hitting $221.50. The company had a trading volume of 1,634,470 shares, compared to its average volume of 1,544,515. The company has a fifty day moving average price of $213.72 and a two-hundred day moving average price of $200.13. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company has a market cap of $17.73 billion, a P/E ratio of 15.47, a P/E/G ratio of 3.11 and a beta of 1.02. The company has a current ratio of 1.70, a quick ratio of 0.47 and a debt-to-equity ratio of 0.44.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $1.2125 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio is presently 33.87%.

Insider Activity

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 3,541 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $187.00, for a total value of $662,167.00. Following the completion of the sale, the executive vice president owned 19,165 shares of the company's stock, valued at approximately $3,583,855. This represents a 15.59% decrease in their ownership of the stock. 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 transaction of $3,000,150.00. Following the transaction, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by company insiders.

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.