DICK’S Sporting Goods, Inc. $DKS Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,300 shares of the sporting goods retailer’s stock after buying an additional 6,900 shares during the period. Swiss National Bank’s holdings in DICK’S Sporting Goods were worth $33,687,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $40,000. First Horizon Advisors Inc. grew its stake in DICK’S Sporting Goods by 389.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after purchasing an additional 183 shares in the last quarter. Ancora Advisors LLC increased its holdings in DICK’S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after purchasing an additional 105 shares during the period. Brooklyn Investment Group increased its holdings in DICK’S Sporting Goods by 91.2% during the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock worth $52,000 after purchasing an additional 124 shares during the period. Finally, Private Trust Co. NA raised its position in DICK’S Sporting Goods by 63.3% in the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Weiss Ratings raised DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Wells Fargo & Company set a $225.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday. DA Davidson boosted their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Oppenheimer reissued an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Finally, Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $234.52.

Insider Activity

In other news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $206.67 on Wednesday. The firm has a market capitalization of $16.55 billion, a P/E ratio of 14.43, a P/E/G ratio of 3.23 and a beta of 1.05. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $222.27 and its two-hundred day moving average is $209.77.

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 for the quarter, topping the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the firm earned $2.75 EPS. The company’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. 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 will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 33.87%.

DICK’S Sporting Goods Company Profile

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.