Illinois Municipal Retirement Fund Lowers Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Illinois Municipal Retirement Fund lowered its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 17.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,754 shares of the sporting goods retailer’s stock after selling 3,898 shares during the period. Illinois Municipal Retirement Fund’s holdings in DICK’S Sporting Goods were worth $3,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in shares of DICK’S Sporting Goods in the second quarter worth $40,000. First Horizon Advisors Inc. grew its position in DICK’S Sporting Goods by 389.4% during the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after buying an additional 183 shares in the last quarter. Ancora Advisors LLC increased its stake in DICK’S Sporting Goods by 85.4% in the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after acquiring an additional 105 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of DICK’S Sporting Goods by 91.2% in the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after acquiring an additional 124 shares in the last quarter. Finally, 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 valued at $61,000 after acquiring an additional 119 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Up 2.3%

Shares of DKS stock opened at $222.93 on Thursday. 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 has a 50-day moving average of $224.79 and a 200 day moving average of $208.37. The stock has a market capitalization of $17.86 billion, a PE ratio of 15.57, a P/E/G ratio of 3.23 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates 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 quarter in the prior 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, sell-side 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. Shareholders 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 yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DKS shares. UBS Group upped their price objective on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a research report on Friday, September 26th. They set an “underperform” rating and a $177.00 price objective on the stock. 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 report on Friday, September 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $255.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. Finally, The Goldman Sachs Group assumed coverage on DICK’S Sporting Goods in a research note on Tuesday, September 23rd. They set a “buy” rating and a $274.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $234.29.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were 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 in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 32.55% of the stock is currently owned by insiders.

DICK’S Sporting Goods 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.