DICK’S Sporting Goods, Inc. $DKS Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lifted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 17.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,600 shares of the sporting goods retailer’s stock after purchasing an additional 2,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in DICK’S Sporting Goods were worth $4,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DKS. Atreides Management LP purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $172,715,000. Norges Bank acquired a new position in DICK’S Sporting Goods in the second quarter valued at approximately $136,483,000. Browning West LP purchased a new stake in DICK’S Sporting Goods in the second quarter valued at $115,719,000. Marshall Wace LLP lifted its stake in shares of DICK’S Sporting Goods by 208.3% in the 2nd quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock valued at $122,639,000 after purchasing an additional 418,872 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at $64,693,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the topic of several research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Truist Financial increased their target price on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Barclays dropped their price target on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research note on Friday, November 28th. Finally, TD Cowen reduced their price objective on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $235.10.

DICK’S Sporting Goods Stock Down 3.1%

Shares of NYSE DKS opened at $210.23 on Thursday. The business has a 50-day moving average of $212.45 and a two-hundred day moving average of $216.06. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 3.41 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating 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 company 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 posted $2.75 earnings per share. The firm’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. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.