Vanguard Group Inc. Increases Stake in DICK’S Sporting Goods, Inc. $DKS

Vanguard Group Inc. lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,719,011 shares of the sporting goods retailer’s stock after acquiring an additional 1,015,599 shares during the quarter. Vanguard Group Inc. owned 0.08% of DICK’S Sporting Goods worth $1,493,099,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $33,000. Westside Investment Management Inc. lifted its position in shares of DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after purchasing an additional 76 shares during the period. Mather Group LLC. bought a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $39,000. Atlantic Union Bankshares Corp bought a new position in shares of DICK’S Sporting Goods during the second quarter valued at approximately $40,000. Finally, First Horizon Advisors Inc. increased its holdings in DICK’S Sporting Goods by 389.4% during the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock valued at $45,000 after buying an additional 183 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Up 1.6%

DICK’S Sporting Goods stock opened at $205.96 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.76 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $237.31. The business has a fifty day moving average price of $207.17 and a 200-day moving average price of $216.15.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the company posted $2.75 EPS. The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

Analysts Set New Price Targets

A number of research firms have weighed in on DKS. DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a report on Monday, January 12th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Wells Fargo & Company upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Morgan Stanley boosted 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 report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $238.37.

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.