24,746 Shares in DICK'S Sporting Goods, Inc. $DKS Purchased by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. has acquired a new stake in DICK'S Sporting Goods valued at approximately $4.99 million, purchasing 24,746 shares.
• CEO Lauren R. Hobart sold over 40,000 shares of the company, representing an 11.81% decrease in her ownership, while insiders sold a total of 69,200 shares during the last quarter.
• Analysts have mixed ratings for DICK'S Sporting Goods, with 10 Buy ratings and 11 Hold ratings, and recent price targets varying from $220 to $275.

Maverick Capital Ltd. acquired a new stake in shares of 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 institutional investor acquired 24,746 shares of the sporting goods retailer's stock, valued at approximately $4,988,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oder Investment Management LLC increased its holdings in DICK'S Sporting Goods by 1.0% in the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock worth $1,060,000 after buying an additional 51 shares during the period. US Bancorp DE increased its holdings in DICK'S Sporting Goods by 1.1% in the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after buying an additional 53 shares during the period. EP Wealth Advisors LLC increased its holdings in DICK'S Sporting Goods by 5.9% in the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after buying an additional 57 shares during the period. Pine Haven Investment Counsel Inc increased its holdings in DICK'S Sporting Goods by 4.9% in the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after buying an additional 60 shares during the period. Finally, Private Advisor Group LLC increased its holdings in DICK'S Sporting Goods by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock worth $292,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Insider Buying and Selling

In other DICK'S Sporting Goods news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the sale, the senior vice president directly owned 12,465 shares of the company's stock, valued at $2,550,962.25. This trade represents a 12.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Eddy bought 1,357 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of $185.31 per share, with a total value of $251,465.67. Following the completion of the purchase, the director directly owned 4,768 shares in the company, valued at approximately $883,558.08. The trade was a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 69,200 shares of company stock worth $14,462,923 in the last ninety days. Company insiders own 32.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America cut their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, June 24th. Gordon Haskett upgraded DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. DA Davidson set a $250.00 price objective on DICK'S Sporting Goods in a research report on Friday, August 29th. JPMorgan Chase & Co. upped their price objective on 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, Morgan Stanley upped their price objective on DICK'S Sporting Goods from $232.00 to $253.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, DICK'S Sporting Goods currently has an average rating of "Hold" and an average target price of $232.50.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $0.64 during midday trading on Friday, reaching $221.39. 3,440,481 shares of the company's stock traded hands, compared to its average volume of 2,007,977. DICK'S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a market cap of $17.72 billion, a P/E ratio of 15.46, a PEG ratio of 3.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The company has a fifty day simple moving average of $214.60 and a two-hundred day simple moving average of $199.93.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm posted $4.37 EPS. The business's revenue 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. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 33.87%.

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.