OLD National Bancorp IN Purchases Shares of 28,556 DICK'S Sporting Goods, Inc. $DKS

Key Points

• OLD National Bancorp IN purchased 28,556 shares of DICK'S Sporting Goods, valued at approximately $5.6 million, according to a recent SEC filing.
• Insider trading was significant, with CEO Lauren Hobart selling over 20,000 shares for about $4.43 million, reducing her stake by 6.27%.
• DICK'S Sporting Goods reported better-than-expected earnings with a net margin of 8.52% and revenue of $3.65 billion, exceeding analysts' expectations.

OLD National Bancorp IN acquired a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,556 shares of the sporting goods retailer's stock, valued at approximately $5,649,000.

A number of other hedge funds have also recently modified their holdings of the stock. Oder Investment Management LLC lifted its position in DICK'S Sporting Goods by 1.0% in the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after acquiring an additional 51 shares during the last quarter. US Bancorp DE increased its position in shares of DICK'S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after purchasing an additional 53 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of 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 valued at $292,000 after purchasing an additional 61 shares during the last quarter. PFG Investments LLC boosted its position in shares of DICK'S Sporting Goods by 5.7% in the 2nd quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer's stock valued at $232,000 after purchasing an additional 63 shares during the period. Finally, Private Trust Co. NA grew its stake in DICK'S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after buying an additional 66 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company's 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 transaction, the chief executive officer directly owned 299,990 shares of the company's stock, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction dated 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 sale, 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. Insiders sold 42,720 shares of company stock valued at $9,432,412 in the last quarter. 32.55% of the stock is currently owned by company insiders.

DICK'S Sporting Goods Stock Performance

NYSE:DKS opened at $231.98 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 3.32 and a beta of 1.06. The firm's fifty day moving average price is $221.19 and its 200 day moving average price is $201.84. 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 released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping 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 company had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter last year, the business earned $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. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is currently 33.87%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $255.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, September 19th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Oppenheimer reiterated an "outperform" rating and set a $270.00 price target on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. BNP Paribas set a $177.00 price objective on shares of DICK'S Sporting Goods and gave the company an "underperform" rating in a research note on Friday, September 26th. Finally, Bank of America reduced their target price on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $232.05.

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.

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