Searle & CO. Takes $247,000 Position in DICK’S Sporting Goods, Inc. $DKS

Searle & CO. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,250 shares of the sporting goods retailer’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerro Pacific Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $286,000. OneDigital Investment Advisors LLC purchased a new position in DICK’S Sporting Goods in the first quarter valued at $214,000. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in DICK’S Sporting Goods by 18.7% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer’s stock valued at $3,279,000 after purchasing an additional 2,606 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth $4,154,000. Finally, Janney Montgomery Scott LLC increased its position in shares of DICK’S Sporting Goods by 29.0% during the second quarter. Janney Montgomery Scott LLC now owns 26,912 shares of the sporting goods retailer’s stock worth $5,324,000 after purchasing an additional 6,053 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on DKS. JPMorgan Chase & Co. upped their price target on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. BNP Paribas Exane began coverage on shares of DICK’S Sporting Goods in a research report on Friday, September 26th. They issued an “underperform” rating and a $177.00 price objective for the company. Morgan Stanley lifted their price objective 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. Wells Fargo & Company increased their target price on 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. Finally, BNP Paribas set a $177.00 price target on DICK’S Sporting Goods and gave the company 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $234.29.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of the business’s 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 transaction, the executive vice president directly owned 74,444 shares of the company’s stock, valued at $16,749,900. The trade was a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $219.07 on Friday. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The business’s 50 day simple moving average is $224.20 and its 200-day simple moving average is $207.68. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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 firm 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%.DICK’S Sporting Goods’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm 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, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s dividend 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.