Foster & Motley Inc. Sells 1,487 Shares of DICK’S Sporting Goods, Inc. $DKS

Foster & Motley Inc. lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,327 shares of the sporting goods retailer’s stock after selling 1,487 shares during the quarter. Foster & Motley Inc.’s holdings in DICK’S Sporting Goods were worth $7,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in DICK’S Sporting Goods by 8.8% during 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 purchasing an additional 471,217 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of DICK’S Sporting Goods by 416.9% in the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after acquiring an additional 2,282,300 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DICK’S Sporting Goods by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after acquiring an additional 17,534 shares in the last quarter. Invesco Ltd. grew its stake in shares of DICK’S Sporting Goods by 36.2% in the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after acquiring an additional 214,718 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of 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 worth $127,097,000 after acquiring an additional 599,025 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, June 24th. Wells Fargo & Company upped their target price on shares of DICK’S Sporting Goods from $215.00 to $220.00 and gave the stock an “equal weight” 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 research note on Friday, September 19th. DA Davidson set a $250.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Finally, Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Hold” and an average target price of $233.33.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $228.50 on Friday. The company’s 50-day moving average is $224.01 and its 200 day moving average is $203.43. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The company has a market capitalization of $18.30 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its 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. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business earned $4.37 earnings per share. The company’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. On average, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the transaction, the executive vice president owned 74,444 shares in the company, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the transaction, the chief executive officer owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is owned by company insiders.

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.