Wallington Asset Management LLC Sells 150 Shares of DICK’S Sporting Goods, Inc. $DKS

Wallington Asset Management LLC lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,050 shares of the sporting goods retailer’s stock after selling 150 shares during the period. Wallington Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DKS. Private Trust Co. NA grew its position in shares of DICK’S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after acquiring an additional 66 shares during the period. Golden State Wealth Management LLC grew its position in shares of DICK’S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 201 shares during the period. Bessemer Group Inc. grew its position in shares of DICK’S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after acquiring an additional 72 shares during the period. Ancora Advisors LLC grew its position in shares of DICK’S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock valued at $46,000 after acquiring an additional 105 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of DICK’S Sporting Goods by 91.2% during 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 during the period. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DKS shares. UBS Group boosted their price objective on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Gordon Haskett raised shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research report on Friday, July 25th. Citigroup raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $280.00 in a research report on Tuesday, September 9th. Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Saturday, September 27th. Finally, The Goldman Sachs Group initiated coverage on shares of DICK’S Sporting Goods in a research note on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $232.05.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Navdeep Gupta sold 13,334 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction 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. The trade was a 15.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,720 shares of company stock worth $9,432,412. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Up 0.7%

DKS opened at $231.98 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm’s fifty day moving average is $221.19 and its 200 day moving average is $201.75. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly 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 business 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 quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side 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 business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $1.2125 dividend. The ex-dividend date was Friday, September 12th. This represents a $4.85 annualized dividend and a yield of 2.1%. DICK’S Sporting Goods’s payout ratio is presently 33.87%.

About DICK’S Sporting Goods

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.