Price T Rowe Associates Inc. MD Raises Stock Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Price T Rowe Associates Inc. increased its stake in DICK'S Sporting Goods by 14.1%, acquiring an additional 31,325 shares, bringing its total to 253,907 shares valued at approximately $51.2 million.
• Several institutional investors have recently adjusted their holdings in DICK'S Sporting Goods, with 89.83% of the stock now owned by such investors.
• DICK'S Sporting Goods declared a quarterly dividend of $1.2125 per share, reflecting an annualized yield of 2.1% and a dividend payout ratio of 34.69%.

Price T Rowe Associates Inc. MD increased its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 14.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 253,907 shares of the sporting goods retailer's stock after purchasing an additional 31,325 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.32% of DICK'S Sporting Goods worth $51,179,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of DICK'S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock valued at $570,370,000 after buying an additional 2,282,300 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in DICK'S Sporting Goods by 1,899.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer's stock valued at $127,097,000 after acquiring an additional 599,025 shares during the period. Vanguard Group Inc. raised its stake in DICK'S Sporting Goods by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock valued at $1,179,171,000 after acquiring an additional 471,217 shares during the period. Junto Capital Management LP purchased a new stake in DICK'S Sporting Goods during the fourth quarter valued at about $89,351,000. Finally, GAMMA Investing LLC boosted its position in DICK'S Sporting Goods by 24,140.8% during the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer's stock worth $58,827,000 after purchasing an additional 290,655 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS stock traded down $2.83 during mid-day trading on Friday, hitting $212.25. 4,116,067 shares of the stock were exchanged, compared to its average volume of 1,685,300. The business has a fifty day moving average price of $211.90 and a 200 day moving average price of $200.76. 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 debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.47. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 3.16 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating 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 return on equity of 36.54% and a net margin of 8.52%.DICK'S Sporting Goods's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.3%. DICK'S Sporting Goods's dividend payout ratio is 34.69%.

Insider Activity at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the business'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 directly owned 74,444 shares of the company's stock, valued at $16,749,900. The trade was a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Elizabeth H. Baran sold 1,830 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $204.65, for a total transaction of $374,509.50. Following the sale, the senior vice president owned 12,465 shares of the company's stock, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,200 shares of company stock worth $14,462,923 in the last 90 days. Corporate insiders own 32.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DKS shares. Bank of America lowered their price target 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. Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Loop Capital set a $215.00 target price on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a report on Wednesday, July 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $255.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday. Finally, Wells Fargo & Company upped 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. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, DICK'S Sporting Goods currently has a consensus rating of "Hold" and a consensus target price of $233.21.

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.