Huntington National Bank Reduces Position in DICK’S Sporting Goods, Inc. $DKS

Huntington National Bank cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 22.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,163 shares of the sporting goods retailer’s stock after selling 1,207 shares during the period. Huntington National Bank’s holdings in DICK’S Sporting Goods were worth $823,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Oder Investment Management LLC boosted its position in shares of DICK’S Sporting Goods by 1.0% during the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after buying an additional 51 shares during the last quarter. US Bancorp DE boosted its position in shares of DICK’S Sporting Goods by 1.1% during the first quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after buying an additional 53 shares during the last quarter. Vontobel Holding Ltd. boosted its position in DICK’S Sporting Goods by 2.0% in the second quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after purchasing an additional 58 shares during the last quarter. Private Advisor Group LLC boosted its position in DICK’S Sporting Goods by 4.4% in the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock worth $292,000 after purchasing an additional 61 shares during the last quarter. Finally, PFG Investments LLC boosted its position in DICK’S Sporting Goods by 5.7% in the second quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock worth $232,000 after purchasing an additional 63 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research report on Friday, July 25th. Barclays raised their target price on DICK’S Sporting Goods from $232.00 to $246.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. BNP Paribas Exane assumed coverage on DICK’S Sporting Goods in a research report on Friday, September 26th. They issued an “underperform” rating and a $177.00 target price on the stock. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the stock from $225.00 to $280.00 in a research report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. raised their target price on 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. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $234.29.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Navdeep Gupta sold 13,334 shares of DICK’S Sporting Goods stock in a transaction that occurred 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 sale, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. This trade 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 this link. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction that occurred 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 directly owned 299,990 shares in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 32.55% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Stock Up 1.3%

DKS stock opened at $219.00 on Thursday. 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 stock has a market cap of $17.54 billion, a P/E ratio of 15.29, a PEG ratio of 3.23 and a beta of 1.05. The business’s 50-day moving average price is $224.03 and its 200-day moving average price is $207.14.

DICK’S Sporting Goods (NYSE:DKS) last posted 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. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.37 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 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.