Mirae Asset Global Investments Co. Ltd. Sells 1,487 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Mirae Asset Global Investments Co. Ltd. sold 1,487 shares of DICK'S Sporting Goods, decreasing its position by 22.4%, leaving it with 5,151 shares valued at approximately $1,019,000.
• CEO Lauren R. Hobart sold 20,083 shares of DICK'S stock worth over $4.4 million, reducing her ownership by 6.27%.
• DICK'S Sporting Goods recently declared a quarterly dividend of $1.2125 per share, representing an annualized yield of 2.2%, with a payout ratio of 33.87%.

Mirae Asset Global Investments Co. Ltd. trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 22.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,151 shares of the sporting goods retailer's stock after selling 1,487 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in DICK'S Sporting Goods were worth $1,019,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. J2 Capital Management Inc bought a new position in DICK'S Sporting Goods in the 2nd quarter valued at $604,000. ASR Vermogensbeheer N.V. raised its position in shares of DICK'S Sporting Goods by 36.4% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 1,852 shares of the sporting goods retailer's stock valued at $366,000 after buying an additional 494 shares in the last quarter. PFG Investments LLC raised its position in shares of DICK'S Sporting Goods by 5.7% during the 2nd quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer's stock valued at $232,000 after buying an additional 63 shares in the last quarter. Truist Financial Corp raised its position in shares of DICK'S Sporting Goods by 1.7% during the 2nd quarter. Truist Financial Corp now owns 17,522 shares of the sporting goods retailer's stock valued at $3,466,000 after buying an additional 285 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of DICK'S Sporting Goods by 29.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 26,912 shares of the sporting goods retailer's stock valued at $5,324,000 after buying an additional 6,053 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the transaction, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. This trade represents a 6.27% 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 Navdeep Gupta sold 13,334 shares of the 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 transaction, the executive vice president owned 74,444 shares of the company's stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DKS has been the topic of several research reports. Bank of America lowered their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Weiss Ratings upgraded shares of DICK'S Sporting Goods from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. BNP Paribas set a $177.00 target price on shares of DICK'S Sporting Goods and gave the stock an "underperform" rating in a research report on Friday, September 26th. Cowen reiterated a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday, August 18th. Finally, Citigroup upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has an average rating of "Hold" and a consensus target price of $232.05.

DICK'S Sporting Goods Stock Down 1.6%

Shares of DICK'S Sporting Goods stock opened at $223.44 on Friday. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 3.25 and a beta of 1.06. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The company's 50 day moving average is $222.12 and its 200 day moving average is $202.54.

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 EPS for the quarter, topping analysts' consensus estimates of $4.30 by $0.08. The company had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.61 billion. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio is currently 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.

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