Park Avenue Securities LLC Has $231,000 Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Park Avenue Securities LLC has reduced its holdings in DICK'S Sporting Goods by 63.3% during the 2nd quarter, now owning 1,167 shares valued at $231,000.
• DICK'S Sporting Goods reported a $4.38 EPS for the last quarter, surpassing estimates and reflecting a 5.0% year-over-year revenue growth, with a total revenue of $3.65 billion.
• The company recently declared a quarterly dividend of $1.2125 per share, yielding 2.1%, with a payout ratio of 33.87%.

Park Avenue Securities LLC decreased its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 63.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,167 shares of the sporting goods retailer's stock after selling 2,013 shares during the quarter. Park Avenue Securities LLC's holdings in DICK'S Sporting Goods were worth $231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oder Investment Management LLC boosted its stake in shares of DICK'S Sporting Goods by 1.0% during 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 purchasing an additional 51 shares in the last quarter. US Bancorp DE boosted its position in DICK'S Sporting Goods by 1.1% during 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. Pine Haven Investment Counsel Inc grew its holdings in DICK'S Sporting Goods by 4.9% during the 1st 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 last quarter. Private Advisor Group LLC increased its position 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 valued at $292,000 after acquiring an additional 61 shares during the period. Finally, Private Trust Co. NA increased its position in DICK'S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after acquiring an additional 66 shares during the period. Institutional investors own 89.83% of the company's stock.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the sale, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. This represents a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lauren R. Hobart sold 20,083 shares of the firm's stock in a transaction dated 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 in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,720 shares of company stock valued at $9,432,412. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $232.87 on Thursday. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The stock's 50 day moving average is $220.52 and its 200-day moving average is $201.26. 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 firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 3.18 and a beta of 1.06.

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 business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the business posted $4.37 EPS. DICK'S Sporting Goods's quarterly 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. Sell-side analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 payout ratio is currently 33.87%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DKS. Truist Financial boosted their price objective on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 18th. JPMorgan Chase & Co. lifted their price objective on DICK'S Sporting Goods from $195.00 to $235.00 and gave the stock a "neutral" rating in a research note on Friday, August 29th. Telsey Advisory Group reiterated an "outperform" rating and issued a $255.00 target price on shares of DICK'S Sporting Goods in a report on Friday, September 19th. Finally, Wells Fargo & Company raised their price target on shares of DICK'S Sporting Goods from $215.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, DICK'S Sporting Goods has an average rating of "Hold" and a consensus target price 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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