18,553 Shares in DICK'S Sporting Goods, Inc. $DKS Acquired by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC has acquired a new stake in DICK'S Sporting Goods, purchasing 18,553 shares valued at approximately $3.74 million.
• CEO Lauren R. Hobart sold 40,166 shares at an average price of $204.58, representing an 11.81% decrease in her ownership.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, resulting in an annual yield of 2.2%.

Kovitz Investment Group Partners LLC acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,553 shares of the sporting goods retailer's stock, valued at approximately $3,740,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in DICK'S Sporting Goods in the 4th quarter worth $27,000. Ancora Advisors LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $28,000. Private Trust Co. NA grew its position 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 worth $38,000 after buying an additional 66 shares in the last quarter. Golden State Wealth Management LLC increased its stake in 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 valued at $43,000 after acquiring an additional 201 shares during the period. Finally, Bessemer Group Inc. raised its holdings in 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 acquiring an additional 72 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded up $4.12 during trading on Friday, reaching $227.53. The stock had a trading volume of 1,103,859 shares, compared to its average volume of 1,468,237. The stock has a market capitalization of $18.21 billion, a PE ratio of 16.29, a P/E/G ratio of 3.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The business's 50-day moving average price is $206.21 and its 200 day moving average price is $201.43.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts' consensus estimates of $3.37. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. As a group, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.1%. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DKS shares. Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Wall Street Zen raised DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Loop Capital set a $215.00 price target on shares of DICK'S Sporting Goods and gave the company a "hold" rating in a report on Wednesday, July 30th. Cowen restated a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Hold" and a consensus target price of $225.00.

Insider Activity at DICK'S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,166 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the sale, the chief executive officer directly owned 299,990 shares of the company's stock, valued at $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 3,541 shares of the firm'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 transaction of $662,167.00. Following the completion of the sale, the executive vice president directly owned 19,165 shares of the company's stock, valued at approximately $3,583,855. This represents a 15.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,200 shares of company stock valued at $14,462,923 in the last three months. 32.55% of the stock is currently owned by corporate insiders.

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.