Rakuten Investment Management Inc. Purchases New Shares in DICK’S Sporting Goods, Inc. $DKS

Rakuten Investment Management Inc. purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the third quarter, HoldingsChannel reports. The firm purchased 36,552 shares of the sporting goods retailer’s stock, valued at approximately $8,123,000.

Several other large investors have also made changes to their positions in the company. Guggenheim Capital LLC raised its position in DICK’S Sporting Goods by 0.4% during the second quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock valued at $2,340,000 after purchasing an additional 46 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of DICK’S Sporting Goods by 2.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock valued at $588,000 after purchasing an additional 58 shares in the last quarter. PFG Investments LLC increased its stake in shares of DICK’S Sporting Goods by 5.7% in the 2nd quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock valued at $232,000 after purchasing an additional 63 shares during the last quarter. American National Bank & Trust raised its holdings in shares of DICK’S Sporting Goods by 5.7% during the 3rd quarter. American National Bank & Trust now owns 1,270 shares of the sporting goods retailer’s stock worth $282,000 after buying an additional 69 shares in the last quarter. Finally, PFG Private Wealth Management LLC lifted its position in shares of DICK’S Sporting Goods by 7.3% during the 2nd quarter. PFG Private Wealth Management LLC now owns 1,115 shares of the sporting goods retailer’s stock worth $221,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Wells Fargo & Company increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research note on Monday, January 12th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Finally, Truist Financial raised their price target on shares of 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. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $239.10.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $211.99 on Thursday. The stock has a market capitalization of $19.07 billion, a PE ratio of 17.06, a PEG ratio of 3.24 and a beta of 1.19. The business’s 50 day simple moving average is $211.31 and its 200 day simple moving average is $217.27. 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, Inc. has a one year low of $166.37 and a one year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the company earned $2.75 EPS. The company’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. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 39.02%.

DICK’S Sporting Goods 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.