Mutual of America Capital Management LLC Sells 1,710 Shares of DICK’S Sporting Goods, Inc. $DKS

Mutual of America Capital Management LLC lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,091 shares of the sporting goods retailer’s stock after selling 1,710 shares during the period. Mutual of America Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $5,557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of DICK’S Sporting Goods by 8.8% during the first 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 in the last quarter. Wellington Management Group LLP raised its stake in DICK’S Sporting Goods by 416.9% in the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after buying an additional 2,282,300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in DICK’S Sporting Goods by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after buying an additional 17,534 shares in the last quarter. Invesco Ltd. raised its stake in DICK’S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after buying an additional 214,718 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in DICK’S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after buying an additional 599,025 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In related news, CEO Lauren R. Hobart sold 20,083 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the transaction, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction dated Wednesday, August 13th. The shares were 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 of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is owned by corporate insiders.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $227.70 on Wednesday. The firm’s fifty day simple moving average is $224.39 and its two-hundred day simple moving average is $203.97. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The firm has a market capitalization of $18.24 billion, a P/E ratio of 15.90, a P/E/G ratio of 3.23 and a beta of 1.06.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BNP Paribas set a $177.00 price objective on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a research note on Friday, September 26th. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $255.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. BNP Paribas Exane assumed coverage on shares of DICK’S Sporting Goods in a report on Friday, September 26th. They issued an “underperform” rating and a $177.00 price target on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $233.33.

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.