United Services Automobile Association Buys New Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• The United Services Automobile Association acquired 3,680 shares of DICK'S Sporting Goods, Inc. (NYSE:DKS), valued at approximately $743,000, during the first quarter of the year.
• DICK'S Sporting Goods reported a quarterly earnings per share of $4.38, exceeding analysts' estimates of $4.30, and had a year-over-year revenue increase of 5% to $3.65 billion.
• The company declared a quarterly dividend of $1.2125, representing a 2.2% annualized yield, with an ex-dividend date set for September 12th.

United Services Automobile Association acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,680 shares of the sporting goods retailer's stock, valued at approximately $743,000.

Several other hedge funds have also recently added to or reduced their stakes in DKS. Cetera Investment Advisers raised its stake in DICK'S Sporting Goods by 12.8% in the 4th quarter. Cetera Investment Advisers now owns 14,138 shares of the sporting goods retailer's stock valued at $3,235,000 after purchasing an additional 1,600 shares during the last quarter. CoreCap Advisors LLC raised its stake in DICK'S Sporting Goods by 10.3% in the 4th quarter. CoreCap Advisors LLC now owns 857 shares of the sporting goods retailer's stock valued at $196,000 after purchasing an additional 80 shares during the last quarter. EP Wealth Advisors LLC raised its stake in DICK'S Sporting Goods by 5.9% in the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after purchasing an additional 57 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in DICK'S Sporting Goods by 12.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 38,415 shares of the sporting goods retailer's stock valued at $8,791,000 after purchasing an additional 4,321 shares during the last quarter. Finally, Ethic Inc. raised its stake in DICK'S Sporting Goods by 54.6% in the 4th quarter. Ethic Inc. now owns 1,795 shares of the sporting goods retailer's stock valued at $411,000 after purchasing an additional 634 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, EVP Navdeep Gupta sold 13,334 shares of the 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 transaction, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This represents a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Eddy purchased 1,357 shares of the stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average price of $185.31 per share, with a total value of $251,465.67. Following the completion of the acquisition, the director owned 4,768 shares in the company, valued at approximately $883,558.08. This trade represents a 39.78% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 69,200 shares of company stock worth $14,462,923. Insiders own 32.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DKS. UBS Group increased their price objective on DICK'S Sporting Goods from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Loop Capital set a $215.00 target price on DICK'S Sporting Goods and gave the company a "hold" rating in a report on Wednesday, July 30th. Cowen restated a "hold" rating on shares of DICK'S Sporting Goods in a report on Monday, August 18th. Bank of America dropped their target price on 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. Finally, JPMorgan Chase & Co. upped their target price on DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $235.83.

DICK'S Sporting Goods Trading Down 4.1%

Shares of NYSE DKS traded down $9.37 during mid-day trading on Friday, reaching $221.57. 1,850,532 shares of the company's stock were exchanged, compared to its average volume of 2,293,027. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 3.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company's 50-day moving average is $216.61 and its 200-day moving average is $199.56.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.30 by $0.08. The business had revenue of $3.65 billion during 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%.The company's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 EPS. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued 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 is currently 33.87%.

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.