DICK’S Sporting Goods, Inc. $DKS Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 123.8% in the second quarter, HoldingsChannel reports. The firm owned 8,248 shares of the sporting goods retailer’s stock after buying an additional 4,563 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in DICK’S Sporting Goods were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. GAMMA Investing LLC lifted its position in DICK’S Sporting Goods by 20.3% during the first quarter. GAMMA Investing LLC now owns 1,448 shares of the sporting goods retailer’s stock valued at $292,000 after purchasing an additional 244 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of DICK’S Sporting Goods by 255.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,434 shares of the sporting goods retailer’s stock worth $6,940,000 after acquiring an additional 24,746 shares during the period. Ritholtz Wealth Management raised its position in shares of DICK’S Sporting Goods by 37.1% in the first quarter. Ritholtz Wealth Management now owns 1,201 shares of the sporting goods retailer’s stock worth $242,000 after acquiring an additional 325 shares during the period. Janney Montgomery Scott LLC raised its position in shares of DICK’S Sporting Goods by 13.8% in the first quarter. Janney Montgomery Scott LLC now owns 20,859 shares of the sporting goods retailer’s stock worth $4,204,000 after acquiring an additional 2,529 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of DICK’S Sporting Goods by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 6,784 shares of the sporting goods retailer’s stock worth $1,367,000 after acquiring an additional 185 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DKS. DA Davidson set a $250.00 price objective on shares of DICK’S Sporting Goods 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. Truist Financial upped 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. JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $233.33.

DICK’S Sporting Goods Stock Down 0.8%

DKS opened at $228.50 on Friday. 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 quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $224.01 and a 200 day moving average price of $203.43. The company has a market cap of $18.30 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06.

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. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the firm earned $4.37 EPS. The company’s revenue for the quarter 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. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the sale, the executive vice president owned 74,444 shares in the company, valued at approximately $16,749,900. This represents a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction dated Monday, September 29th. The shares were 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 of the company’s stock, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The disclosure for this sale can be found here. 32.55% of the stock is currently owned by corporate insiders.

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.