MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 3,038 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in DICK'S Sporting Goods by 14.5%, selling 3,038 shares and owning 17,961 shares worth approximately $3.62 million.
• DICK'S Sporting Goods recently reported $4.38 EPS for the quarter, surpassing analyst expectations, with a revenue increase of 5.0% year-over-year totaling $3.65 billion.
• The company announced a quarterly dividend of $1.2125 per share, indicating a yield of 2.2% and a payout ratio of 33.87%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 14.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,961 shares of the sporting goods retailer's stock after selling 3,038 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in DICK'S Sporting Goods were worth $3,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oder Investment Management LLC lifted its holdings in shares of DICK'S Sporting Goods by 1.0% during the 1st quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after buying an additional 51 shares during the period. US Bancorp DE grew its holdings in shares of DICK'S Sporting Goods by 1.1% in the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after acquiring an additional 53 shares during the period. Pine Haven Investment Counsel Inc grew its holdings in shares of DICK'S Sporting Goods by 4.9% in the first quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after acquiring an additional 60 shares during the period. Private Advisor Group LLC grew its holdings in shares of DICK'S Sporting Goods by 4.4% in the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock worth $292,000 after acquiring an additional 61 shares during the period. Finally, Private Trust Co. NA grew its holdings in shares of DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after acquiring an additional 66 shares during the period. Institutional investors own 89.83% of the company's stock.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods 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 completion of the sale, the chief executive officer owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,200 shares of company stock valued at $14,462,923. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $221.57 on Friday. 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 market cap of $17.75 billion, a P/E ratio of 15.47, a P/E/G ratio of 3.31 and a beta of 1.02. The firm's fifty day moving average is $216.61 and its two-hundred day moving average is $199.90. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm earned $4.37 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $1.2125 per share. 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 payout ratio is 33.87%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DKS shares. 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 report on Friday, August 29th. Bank of America decreased their target price on 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. Loop Capital set a $215.00 target price on DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Citigroup raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the stock from $225.00 to $280.00 in a report on Tuesday. Finally, DA Davidson set a $250.00 target price on DICK'S Sporting Goods in a report on Friday, August 29th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $235.83.

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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