Fifth Third Wealth Advisors LLC Purchases 156 Shares of DICK’S Sporting Goods, Inc. $DKS

Fifth Third Wealth Advisors LLC boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,225 shares of the sporting goods retailer’s stock after acquiring an additional 156 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in DICK’S Sporting Goods were worth $440,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in DICK’S Sporting Goods by 8.8% in the first quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock worth $1,179,171,000 after acquiring an additional 471,217 shares during the period. Wellington Management Group LLP raised its position in DICK’S Sporting Goods by 416.9% in the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after acquiring an additional 2,282,300 shares during the period. Dimensional Fund Advisors LP raised its position in DICK’S Sporting Goods by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after acquiring an additional 17,534 shares during the period. Invesco Ltd. raised its position in DICK’S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after acquiring an additional 214,718 shares during the period. Finally, Westfield Capital Management Co. LP raised its position in DICK’S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after acquiring an additional 599,025 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods 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 transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on DKS shares. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. BNP Paribas Exane assumed 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 target on the stock. The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price target on the stock. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Finally, 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 report on Friday, September 26th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $232.05.

DICK’S Sporting Goods Price Performance

DKS stock opened at $211.74 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The stock has a market cap of $16.96 billion, a PE ratio of 14.79, a P/E/G ratio of 3.03 and a beta of 1.06. The firm has a 50 day simple moving average of $222.22 and a two-hundred day simple moving average of $202.48.

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, topping 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 net margin of 8.52% and a return on equity of 36.54%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

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.