DICK'S Sporting Goods, Inc. $DKS Shares Sold by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. reduced its stake in DICK'S Sporting Goods by 0.9%, now holding 149,046 shares, which makes up 1.4% of its portfolio.
• DICK'S Sporting Goods reported a quarterly EPS of $4.38, exceeding analysts' expectations of $4.30, with a 5% year-over-year revenue increase to $3.65 billion.
• The company announced a quarterly dividend of $1.2125, translating to an annualized yield of 2.2%, with a payout ratio of 33.87%.

Logan Capital Management Inc. lowered its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,046 shares of the sporting goods retailer's stock after selling 1,308 shares during the period. DICK'S Sporting Goods makes up approximately 1.4% of Logan Capital Management Inc.'s investment portfolio, making the stock its 13th biggest holding. Logan Capital Management Inc. owned approximately 0.19% of DICK'S Sporting Goods worth $30,042,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DKS. Cetera Investment Advisers increased its position in shares of DICK'S Sporting Goods by 12.8% during the fourth quarter. Cetera Investment Advisers now owns 14,138 shares of the sporting goods retailer's stock worth $3,235,000 after acquiring an additional 1,600 shares during the period. CoreCap Advisors LLC increased its position in shares of DICK'S Sporting Goods by 10.3% during the fourth quarter. CoreCap Advisors LLC now owns 857 shares of the sporting goods retailer's stock worth $196,000 after acquiring an additional 80 shares during the period. EP Wealth Advisors LLC increased its position in shares of DICK'S Sporting Goods by 5.9% during the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after acquiring an additional 57 shares during the period. Ensign Peak Advisors Inc increased its position in shares of DICK'S Sporting Goods by 12.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 38,415 shares of the sporting goods retailer's stock worth $8,791,000 after acquiring an additional 4,321 shares during the period. Finally, Ethic Inc. increased its position in shares of DICK'S Sporting Goods by 54.6% during the fourth quarter. Ethic Inc. now owns 1,795 shares of the sporting goods retailer's stock worth $411,000 after acquiring an additional 634 shares during the period. Institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Stock Down 4.1%

DKS stock traded down $9.37 during trading on Friday, hitting $221.57. 1,850,532 shares of the company's stock traded hands, compared to its average volume of 2,293,027. The firm has a market capitalization of $17.75 billion, a P/E ratio of 15.47, a PEG ratio of 3.17 and a beta of 1.02. The business has a fifty day simple moving average of $216.61 and a two-hundred day simple moving average of $199.56. 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, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60.

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 (EPS) for the quarter, beating the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion for 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%. DICK'S Sporting Goods's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $4.37 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

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

Insiders Place Their Bets

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock in a transaction 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 transaction, the executive vice president directly owned 19,165 shares of the company's stock, valued at approximately $3,583,855. The trade was a 15.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Eddy purchased 1,357 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was purchased at an average cost of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the acquisition, the director directly owned 4,768 shares of the company's stock, valued at approximately $883,558.08. The trade was a 39.78% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DKS shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $255.00 target price on shares of DICK'S Sporting Goods in a research report on Monday, September 8th. UBS Group raised their target price on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Truist Financial raised their target price on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their target price on shares of DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Finally, Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.83.

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.