36,552 Shares in DICK’S Sporting Goods, Inc. $DKS Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,552 shares of the sporting goods retailer’s stock, valued at approximately $8,123,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Atreides Management LP bought a new position in shares of 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 in the 2nd quarter valued at $136,483,000. Browning West LP bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth $115,719,000. Marshall Wace LLP grew its stake in shares of DICK’S Sporting Goods by 208.3% during the second 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 during the period. Finally, Worldquant Millennium Advisors LLC bought a new stake in DICK’S Sporting Goods in the second quarter valued at about $64,693,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $211.99 on Thursday. 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 52 week low of $166.37 and a 52 week high of $254.60. The company’s 50 day moving average price is $211.31 and its two-hundred day moving average price is $217.27. The company has a market capitalization of $19.07 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. The firm’s 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. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a $1.2125 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is currently 39.02%.

Analyst Ratings Changes

A number of brokerages have issued reports on DKS. Wells Fargo & Company raised their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Telsey Advisory Group reduced their price objective on shares of 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. Truist Financial upped their target price 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. Morgan Stanley increased 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. Finally, TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $239.10.

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.