DICK’S Sporting Goods, Inc. $DKS Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 44.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,570 shares of the sporting goods retailer’s stock after purchasing an additional 10,661 shares during the period. PNC Financial Services Group Inc.’s holdings in DICK’S Sporting Goods were worth $7,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Atreides Management LP acquired a new stake in DICK’S Sporting Goods in the second quarter worth about $172,715,000. Norges Bank acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at about $136,483,000. Browning West LP purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at approximately $115,719,000. Marshall Wace LLP boosted its stake in 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 worth $122,639,000 after purchasing an additional 418,872 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter worth approximately $64,693,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on DKS shares. Morgan Stanley raised their price target on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a research note on Monday, January 12th. Telsey Advisory Group dropped their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Barclays cut their price objective on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $238.37.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $202.35 on Friday. The firm’s fifty day moving average is $207.32 and its two-hundred day moving average is $216.17. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.76 and a beta of 1.23. 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, Inc. has a one year low of $166.37 and a one year high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the business posted $2.75 EPS. The company’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. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 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.