Browning West LP Acquires New Position in DICK’S Sporting Goods, Inc. $DKS

Browning West LP bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 585,000 shares of the sporting goods retailer’s stock, valued at approximately $115,719,000. DICK’S Sporting Goods comprises approximately 8.0% of Browning West LP’s holdings, making the stock its 4th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of DKS. Invesco Ltd. raised its stake in shares of DICK’S Sporting Goods by 36.2% during 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 in the last quarter. Nuveen LLC bought a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at $25,543,000. HighTower Advisors LLC raised its position in DICK’S Sporting Goods by 109.7% in the 1st quarter. HighTower Advisors LLC now owns 26,750 shares of the sporting goods retailer’s stock worth $5,392,000 after purchasing an additional 13,994 shares during the period. Resona Asset Management Co. Ltd. raised its position in DICK’S Sporting Goods by 8.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 18,325 shares of the sporting goods retailer’s stock worth $3,695,000 after purchasing an additional 1,415 shares during the period. Finally, National Pension Service lifted its stake in DICK’S Sporting Goods by 0.4% in the first quarter. National Pension Service now owns 20,274 shares of the sporting goods retailer’s stock worth $4,086,000 after purchasing an additional 74 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Activity 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 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 sale, the chief executive officer owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DKS. Truist Financial raised their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Robert W. Baird set a $226.00 price target on DICK’S Sporting Goods in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price target on DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Citigroup raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Finally, Wall Street Zen cut shares of DICK’S Sporting Goods from a “hold” rating to a “sell” rating in a report on Saturday. Eleven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $235.10.

DICK’S Sporting Goods Trading Down 1.5%

NYSE DKS opened at $213.54 on Friday. The stock has a market cap of $19.21 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 3.35 and a beta of 1.17. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The stock has a 50 day simple moving average of $219.65 and a two-hundred day simple moving average of $212.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the company earned $2.75 earnings per share. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a $1.2125 dividend. The ex-dividend date is Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is 39.02%.

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.