UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Cuts Stock Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• UBS Asset Management reduced its stake in DICK'S Sporting Goods by 0.6%, now holding 349,898 shares valued at approximately $70.5 million.
• DICK'S Sporting Goods reported a quarterly EPS of $4.38, exceeding analyst expectations, with a revenue of $3.65 billion—a year-over-year increase of 5%.
• The company announced a quarterly dividend of $1.2125 per share, reflecting a dividend yield of 2.2% and a payout ratio of 33.87%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC trimmed its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,898 shares of the sporting goods retailer's stock after selling 2,033 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.44% of DICK'S Sporting Goods worth $70,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of DICK'S Sporting Goods by 12.8% during the 4th quarter. Cetera Investment Advisers now owns 14,138 shares of the sporting goods retailer's stock worth $3,235,000 after acquiring an additional 1,600 shares in the last quarter. Ethic Inc. boosted its position in shares of DICK'S Sporting Goods by 54.6% during the 4th quarter. Ethic Inc. now owns 1,795 shares of the sporting goods retailer's stock worth $411,000 after acquiring an additional 634 shares in the last quarter. Focus Partners Wealth boosted its position in shares of DICK'S Sporting Goods by 27.1% during the 4th quarter. Focus Partners Wealth now owns 4,427 shares of the sporting goods retailer's stock worth $1,015,000 after acquiring an additional 945 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of DICK'S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after acquiring an additional 1,594 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of DICK'S Sporting Goods by 7.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,999 shares of the sporting goods retailer's stock worth $4,805,000 after acquiring an additional 1,436 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

DKS opened at $221.57 on Friday. The stock has a market cap of $17.75 billion, a P/E ratio of 15.47, a P/E/G ratio of 3.31 and a beta of 1.02. 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 stock's 50 day simple moving average is $216.61 and its 200 day simple moving average is $199.72. 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 announced its 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 return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $3.65 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same quarter in the prior year, the firm earned $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. As a group, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company 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 dividend of $1.2125 per share. The ex-dividend date is 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 (DPR) is currently 33.87%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DKS. Barclays upped their price objective on DICK'S Sporting Goods from $232.00 to $246.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Bank of America decreased their target price on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, June 24th. Wells Fargo & Company upped their target price on DICK'S Sporting Goods from $215.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Gordon Haskett raised DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Citigroup raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their target price for the company from $225.00 to $280.00 in a research report on Tuesday, September 9th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.83.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 1,026 shares of DICK'S Sporting Goods stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total transaction of $208,791.00. Following the sale, the executive vice president directly owned 18,139 shares of the company's stock, valued at approximately $3,691,286.50. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the sale, the chief executive officer directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 69,200 shares of company stock valued at $14,462,923. 32.55% of the stock is currently owned by corporate insiders.

About DICK'S Sporting Goods

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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