Penserra Capital Management LLC Sells 735 Shares of DICK’S Sporting Goods, Inc. $DKS

Penserra Capital Management LLC lowered its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.5% during the second quarter, HoldingsChannel reports. The firm owned 4,322 shares of the sporting goods retailer’s stock after selling 735 shares during the quarter. Penserra Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $854,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cerro Pacific Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $286,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised 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 buying an additional 2,606 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of DICK’S Sporting Goods by 29.0% in the second quarter. Janney Montgomery Scott LLC now owns 26,912 shares of the sporting goods retailer’s stock valued at $5,324,000 after buying an additional 6,053 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $4,154,000. Finally, Tredje AP fonden increased its holdings in shares of DICK’S Sporting Goods by 1,364.6% during the 2nd quarter. Tredje AP fonden now owns 67,886 shares of the sporting goods retailer’s stock worth $13,429,000 after acquiring an additional 63,251 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

In other news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on 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 sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $217.76 on Wednesday. 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 stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 3.23 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a 50-day simple moving average of $224.52 and a two-hundred day simple moving average of $208.27.

DICK’S Sporting Goods (NYSE:DKS) last announced its 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. 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 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 last year, the firm 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 year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the company from $225.00 to $280.00 in a report on Tuesday, September 9th. Barclays increased their price objective on shares of DICK’S Sporting Goods from $232.00 to $246.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $255.00 target price on shares of DICK’S Sporting Goods in a report on Friday, September 19th. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Monday, August 18th. Finally, Truist Financial raised 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 report on Friday, October 17th. 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $234.29.

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.