DICK’S Sporting Goods, Inc. $DKS Shares Bought by Strs Ohio

Strs Ohio grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 87.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,513 shares of the sporting goods retailer’s stock after purchasing an additional 7,719 shares during the period. Strs Ohio’s holdings in DICK’S Sporting Goods were worth $3,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atreides Management LP purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $172,715,000. Norges Bank purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth $136,483,000. Browning West LP acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $115,719,000. Marshall Wace LLP boosted its holdings in DICK’S Sporting Goods by 208.3% in the second 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 period. Finally, Worldquant Millennium Advisors LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth $64,693,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DKS shares. Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Telsey Advisory Group decreased their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $239.10.

DICK’S Sporting Goods Trading Down 1.5%

NYSE DKS opened at $203.14 on Tuesday. The firm’s fifty day moving average price is $210.75 and its 200 day moving average price is $217.23. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $251.75. 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 company has a market capitalization of $18.28 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 3.23 and a beta of 1.19.

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 (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.16. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. DICK’S Sporting Goods’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given 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 yield of 2.4%. DICK’S Sporting Goods’s payout ratio is 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.