Stratos Wealth Partners LTD. Acquires 2,623 Shares of DICK’S Sporting Goods, Inc. $DKS

Stratos Wealth Partners LTD. increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 170.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,161 shares of the sporting goods retailer’s stock after acquiring an additional 2,623 shares during the period. Stratos Wealth Partners LTD.’s holdings in DICK’S Sporting Goods were worth $823,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Private Trust Co. NA raised its holdings in shares of DICK’S Sporting Goods by 63.3% in the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after buying an additional 119 shares in the last quarter. Sage Private Wealth Group LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth about $351,000. Envestnet Portfolio Solutions Inc. increased its position in shares of DICK’S Sporting Goods by 123.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,248 shares of the sporting goods retailer’s stock worth $1,631,000 after purchasing an additional 4,563 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $456,000. Finally, Vest Financial LLC boosted its position in DICK’S Sporting Goods by 38.2% in the second quarter. Vest Financial LLC now owns 20,405 shares of the sporting goods retailer’s stock valued at $4,036,000 after buying an additional 5,636 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of a number of research analyst reports. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the company a “hold” rating in a research note on Wednesday, July 30th. Morgan Stanley lifted their price target on DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a report on Friday, August 29th. DA Davidson upped their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday. 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, BNP Paribas set a $177.00 target price on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a research note on Friday, September 26th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $234.29.

Insider Transactions at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the company’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 sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This represents a 15.19% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $228.20 on Thursday. The company has a market cap of $18.28 billion, a PE ratio of 15.94, a PEG ratio of 3.26 and a beta of 1.06. 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 1 year low of $166.37 and a 1 year high of $254.60. The company’s 50-day moving average is $224.43 and its two-hundred day moving average is $204.14.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the company earned $4.37 EPS. DICK’S Sporting Goods’s 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. Equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

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