CSM Advisors LLC Has $11.59 Million Holdings in DICK’S Sporting Goods, Inc. $DKS

CSM Advisors LLC increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.1% during the second quarter, Holdings Channel.com reports. The fund owned 58,592 shares of the sporting goods retailer’s stock after purchasing an additional 2,820 shares during the quarter. CSM Advisors LLC’s holdings in DICK’S Sporting Goods were worth $11,591,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DKS. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $1,263,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in DICK’S Sporting Goods by 13.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,308 shares of the sporting goods retailer’s stock valued at $9,951,000 after purchasing an additional 5,911 shares in the last quarter. Aviva PLC lifted its position in DICK’S Sporting Goods by 5.9% during the second quarter. Aviva PLC now owns 39,815 shares of the sporting goods retailer’s stock worth $7,876,000 after purchasing an additional 2,206 shares during the period. Paradigm Asset Management Co. LLC acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $119,000. Finally, SMH Capital Advisors Inc. bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $539,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DKS shares. Citigroup upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Loop Capital set a $215.00 target price on DICK’S Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, July 30th. UBS Group lifted their price target 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. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a report on Friday, July 25th. Finally, Truist Financial raised their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $234.29.

DICK’S Sporting Goods Trading Up 1.1%

NYSE DKS opened at $219.07 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The business’s fifty day moving average is $224.20 and its 200 day moving average is $207.68. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05.

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 for the quarter, topping the consensus estimate of $4.30 by $0.08. The company had revenue of $3.65 billion for 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 business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, sell-side 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 business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.2%. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

Insider Transactions at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the 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 owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction that occurred on 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 directly owned 74,444 shares in the company, valued at approximately $16,749,900. This represents a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 32.55% of the company’s stock.

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.