Tobam Has $2.23 Million Stock Position in DICK’S Sporting Goods, Inc. $DKS

Tobam lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,272 shares of the sporting goods retailer’s stock after selling 2,646 shares during the quarter. Tobam’s holdings in DICK’S Sporting Goods were worth $2,230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. raised its position in DICK’S Sporting Goods by 40.8% during the first quarter. Stratos Wealth Partners LTD. now owns 1,538 shares of the sporting goods retailer’s stock valued at $310,000 after acquiring an additional 446 shares in the last quarter. Allworth Financial LP boosted its stake in shares of DICK’S Sporting Goods by 45.9% during the 1st quarter. Allworth Financial LP now owns 1,020 shares of the sporting goods retailer’s stock worth $193,000 after acquiring an additional 321 shares in the last quarter. Xponance Inc. boosted its stake in shares of DICK’S Sporting Goods by 6.9% during the 1st quarter. Xponance Inc. now owns 11,536 shares of the sporting goods retailer’s stock worth $2,325,000 after acquiring an additional 743 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of DICK’S Sporting Goods by 4.7% during the 1st quarter. New York State Common Retirement Fund now owns 33,679 shares of the sporting goods retailer’s stock valued at $6,788,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Hager Investment Management Services LLC raised its stake in shares of DICK’S Sporting Goods by 8.4% in the 1st quarter. Hager Investment Management Services LLC now owns 4,103 shares of the sporting goods retailer’s stock valued at $827,000 after acquiring an additional 317 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DKS shares. Oppenheimer reiterated an “outperform” rating and set a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a research report 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 report on Friday, September 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $255.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, September 19th. Finally, DA Davidson increased their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $234.29.

DICK’S Sporting Goods Stock Down 0.8%

Shares of DKS stock opened at $217.76 on Wednesday. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55. The stock has a fifty day moving average price of $224.52 and a 200 day moving average price of $208.27. The stock has a market cap of $17.44 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 3.23 and a beta of 1.06.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the company posted $4.37 EPS. The business’s revenue 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. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

Insider Activity

In related news, 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 in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 32.55% of the company’s stock.

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.