Capricorn Fund Managers Ltd Purchases 25,000 Shares of DICK’S Sporting Goods, Inc. $DKS

Capricorn Fund Managers Ltd boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 250.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 35,000 shares of the sporting goods retailer’s stock after acquiring an additional 25,000 shares during the quarter. DICK’S Sporting Goods accounts for about 3.3% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 9th biggest holding. Capricorn Fund Managers Ltd’s holdings in DICK’S Sporting Goods were worth $6,923,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its stake in DICK’S Sporting Goods by 2.5% in the 2nd quarter. QRG Capital Management Inc. now owns 5,151 shares of the sporting goods retailer’s stock valued at $1,019,000 after acquiring an additional 125 shares during the period. Ameritas Advisory Services LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $81,000. Copeland Capital Management LLC grew its stake in DICK’S Sporting Goods by 12.1% in the 2nd quarter. Copeland Capital Management LLC now owns 148,240 shares of the sporting goods retailer’s stock valued at $29,324,000 after acquiring an additional 16,001 shares during the period. Hilltop National Bank acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $1,259,000. Finally, J2 Capital Management Inc acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $604,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods 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 transaction, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. The trade was a 6.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 42,720 shares of company stock worth $9,432,412. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Trading Up 0.7%

Shares of DKS stock opened at $231.98 on Friday. The stock’s fifty day moving average is $221.19 and its two-hundred day moving average is $201.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The firm has a market capitalization of $18.58 billion, a P/E ratio of 16.20, a PEG ratio of 3.30 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 company had revenue of $3.65 billion for 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 firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts expect 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 business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is currently 33.87%.

Wall Street Analyst Weigh In

DKS has been the topic of a number of research analyst reports. DA Davidson set a $250.00 price target on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. BNP Paribas set a $177.00 price target on shares of DICK’S Sporting Goods and gave the company an “underperform” rating in a research note on Friday, September 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Saturday, September 27th. BNP Paribas Exane started coverage on DICK’S Sporting Goods in a report on Friday, September 26th. They issued an “underperform” rating and a $177.00 price objective on the stock. Finally, Truist Financial raised their price objective on DICK’S Sporting Goods from $230.00 to $248.00 and gave the company a “buy” rating in a report on Friday, August 29th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $232.05.

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.