MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Takes Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has acquired a new stake in DICK'S Sporting Goods, purchasing 15,013 shares valued at approximately $2.97 million during the 2nd quarter.
• DICK'S Sporting Goods reported $4.38 earnings per share for the last quarter, exceeding analyst expectations of $4.30, and set its FY 2025 guidance at 13.900-14.500 EPS.
• The company announced a quarterly dividend of $1.2125 per share, representing a dividend yield of 2.2%, with the payment scheduled for September 26th.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 15,013 shares of the sporting goods retailer's stock, valued at approximately $2,970,000.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. lifted its holdings in shares of DICK'S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of DICK'S Sporting Goods by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after purchasing an additional 209 shares in the last quarter. NBC Securities Inc. bought a new position in shares of DICK'S Sporting Goods during the 1st quarter valued at about $54,000. OneDigital Investment Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the 1st quarter valued at about $214,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of DICK'S Sporting Goods by 18.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer's stock valued at $3,279,000 after purchasing an additional 2,606 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the transaction, the senior vice president directly owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the transaction, the executive vice president directly owned 74,444 shares of the company's stock, valued at $16,749,900. This represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,467 shares of company stock valued at $5,374,805 over the last three months. 32.55% of the stock is owned by company insiders.

DICK'S Sporting Goods Trading Down 2.1%

NYSE DKS opened at $225.44 on Friday. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $219.57 and a 200-day moving average of $200.37. The company has a market cap of $18.06 billion, a PE ratio of 15.74, a PEG ratio of 3.30 and a beta of 1.02.

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

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 dividend yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 33.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on DICK'S Sporting Goods in a report on Tuesday. They set a "buy" rating and a $274.00 price objective on the stock. Wells Fargo & Company boosted their target price on DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. UBS Group upped their price target on 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. Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. Finally, Citigroup raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.84.

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.

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