Voya Investment Management LLC Has $1.72 Million Holdings in DICK’S Sporting Goods, Inc. $DKS

Voya Investment Management LLC decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,717 shares of the sporting goods retailer’s stock after selling 3,536 shares during the quarter. Voya Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $1,715,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DKS. Norges Bank bought a new stake in DICK’S Sporting Goods during the second quarter worth $136,483,000. Cerro Pacific Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $286,000. Caldwell Trust Co bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $1,433,000. Osaic Holdings Inc. lifted its position in shares of DICK’S Sporting Goods by 33.8% during the 2nd quarter. Osaic Holdings Inc. now owns 39,026 shares of the sporting goods retailer’s stock worth $7,783,000 after buying an additional 9,866 shares during the last quarter. Finally, Lancaster Investment Management acquired a new stake in DICK’S Sporting Goods in the third quarter valued at about $31,552,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 3.8%

Shares of DKS stock opened at $202.19 on Tuesday. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 3.30 and a beta of 1.17. The stock has a 50-day moving average of $215.75 and a 200-day moving average of $214.92.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the business posted $2.75 earnings per share. The firm’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. On average, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a 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 currently 39.02%.

Analysts Set New Price Targets

DKS has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on DICK’S Sporting Goods in a research note on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price for the company. Wall Street Zen cut shares of DICK’S Sporting Goods from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Barclays dropped their price objective on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research note on Friday, November 28th. BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, September 26th. They set an “underperform” rating and a $177.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, December 23rd. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Hold” and a consensus target price of $235.10.

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.