Junto Capital Management LP Has $48.17 Million Stake in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Junto Capital Management LP has reduced its stake in DICK'S Sporting Goods by 38.8%, holding approximately 0.30% of the company at the end of the first quarter.
• DICK'S Sporting Goods reported $4.38 earnings per share for the last quarter, surpassing the consensus estimate of $4.30.
• The company announced a quarterly dividend of $1.2125 per share, representing a 2.3% dividend yield.

Junto Capital Management LP decreased its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 38.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,974 shares of the sporting goods retailer's stock after selling 151,480 shares during the period. Junto Capital Management LP owned 0.30% of DICK'S Sporting Goods worth $48,168,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of DICK'S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock valued at $1,179,171,000 after purchasing an additional 471,217 shares during the period. Wellington Management Group LLP boosted its position in DICK'S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after purchasing an additional 2,282,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in DICK'S Sporting Goods by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock valued at $181,225,000 after purchasing an additional 17,534 shares during the last quarter. Invesco Ltd. raised its holdings in DICK'S Sporting Goods by 36.2% during the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer's stock valued at $162,924,000 after buying an additional 214,718 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in DICK'S Sporting Goods by 1,899.2% during the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock valued at $127,097,000 after buying an additional 599,025 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. UBS Group lifted their price objective on DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Citigroup reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. TD Cowen lowered DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research note on Thursday, May 15th. Finally, Morgan Stanley lifted their price objective on DICK'S Sporting Goods from $232.00 to $253.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods currently has a consensus rating of "Hold" and an average target price of $235.00.

DICK'S Sporting Goods Price Performance

Shares of DKS traded up $8.30 on Thursday, hitting $218.50. The company's stock had a trading volume of 1,167,617 shares, compared to its average volume of 1,541,333. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.47. The company has a 50 day moving average price of $213.72 and a 200 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 capitalization of $17.49 billion, a PE ratio of 15.25, a PEG ratio of 3.11 and a beta of 1.02.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted 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 during 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%. DICK'S Sporting Goods's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 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 will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is currently 33.87%.

Insider Activity at DICK'S Sporting Goods

In other news, Director Robert W. Eddy bought 1,357 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of $185.31 per share, for a total transaction of $251,465.67. Following the purchase, the director owned 4,768 shares of the company's stock, valued at approximately $883,558.08. This trade represents a 39.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, the senior vice president owned 12,465 shares of the company's stock, valued at $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,200 shares of company stock worth $14,462,923. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Company 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.