Russell Investments Group Ltd. Sells 19,707 Shares of DICK'S Sporting Goods, Inc. $DKS

Russell Investments Group Ltd. lessened its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 26.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,713 shares of the sporting goods retailer's stock after selling 19,707 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of DICK'S Sporting Goods worth $10,636,000 at the end of the most recent reporting period.

• DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?

Several other hedge funds have also added to or reduced their stakes in the business. Cerro Pacific Wealth Advisors LLC acquired a new position in shares of DICK'S Sporting Goods during the second quarter worth $286,000. Parallel Advisors LLC raised its position in DICK'S Sporting Goods by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 667 shares of the sporting goods retailer's stock worth $132,000 after purchasing an additional 82 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in DICK'S Sporting Goods by 18.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,574 shares of the sporting goods retailer's stock worth $3,279,000 after buying an additional 2,606 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of DICK'S Sporting Goods by 7.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 28,433 shares of the sporting goods retailer's stock valued at $5,624,000 after buying an additional 1,912 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of DICK'S Sporting Goods by 35.7% in the 2nd quarter. American Century Companies Inc. now owns 172,389 shares of the sporting goods retailer's stock valued at $34,101,000 after buying an additional 45,339 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DKS has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on 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. UBS Group raised their price target on shares of DICK'S Sporting Goods from $225.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, August 29th. BNP Paribas set a $177.00 target price on shares of DICK'S Sporting Goods and gave the stock an "underperform" rating in a research note on Friday, September 26th. Finally, Citigroup raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the company from $225.00 to $280.00 in a research report on Tuesday, September 9th. Twelve investment 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, DICK'S Sporting Goods presently has an average rating of "Hold" and a consensus target price of $235.10.

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Read Our Latest Stock Analysis on DKS

Insiders Place Their Bets

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

• Don’t Take Dick’s Sporting Goods Seriously? Big Mistake

NYSE:DKS opened at $209.52 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. 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 fifty day moving average of $220.62 and a 200-day moving average of $210.06. The firm has a market capitalization of $16.78 billion, a P/E ratio of 16.86, a P/E/G ratio of 3.18 and a beta of 1.17.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.16. DICK'S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the firm earned $2.75 earnings per share. DICK'S Sporting Goods's revenue 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. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, December 12th. DICK'S Sporting Goods's payout ratio is presently 39.02%.

DICK'S Sporting Goods Company 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.

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