Russell Investments Group Ltd. Sells 9,602 Shares of DICK'S Sporting Goods, Inc. $DKS

Key Points

• Russell Investments Group Ltd. reduced its stake in DICK'S Sporting Goods by 11.6%, holding 73,420 shares valued at approximately $14.8 million after selling 9,602 shares in the first quarter.
• Other institutional investors are increasing their positions in DICK'S, with Vanguard Group Inc. boosting its stake by 8.8% and holding over 5.8 million shares worth nearly $1.18 billion.
• DICK'S Sporting Goods declared a quarterly dividend of $1.2125 per share, representing a 2.2% yield, and a dividend payout ratio of around 34.69%.

Russell Investments Group Ltd. lowered its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 11.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,420 shares of the sporting goods retailer's stock after selling 9,602 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of DICK'S Sporting Goods worth $14,800,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $485,000. Bessemer Group Inc. lifted its holdings in DICK'S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after purchasing an additional 72 shares in the last quarter. Fifth Third Bancorp lifted its holdings in DICK'S Sporting Goods by 27.5% during the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after purchasing an additional 209 shares in the last quarter. NBC Securities Inc. purchased a new position in DICK'S Sporting Goods during the first quarter valued at approximately $54,000. Finally, Janus Henderson Group PLC lifted its holdings in DICK'S Sporting Goods by 15.9% during the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock valued at $2,664,000 after purchasing an additional 1,594 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS traded up $0.09 during trading hours on Thursday, hitting $222.98. The company's stock had a trading volume of 731,921 shares, compared to its average volume of 1,468,279. The business's 50-day moving average price is $205.43 and its 200-day moving average price is $201.52. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 3.25 and a beta of 1.07. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. Sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Insider Buying and Selling

In related news, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was 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 in the company, valued at $16,749,900. This represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,200 shares of company stock valued at $14,462,923 in the last three months. Corporate insiders own 32.55% of the company's stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Cowen reissued a "hold" rating on shares of DICK'S Sporting Goods in a report on Monday. Robert W. Baird lowered their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, May 16th. Gordon Haskett raised shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a report on Friday, July 25th. Finally, Barclays boosted their target price on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $223.06.

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.