Amalgamated Bank Increases Position in DICK’S Sporting Goods, Inc. $DKS

Amalgamated Bank lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 18.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,345 shares of the sporting goods retailer’s stock after buying an additional 4,687 shares during the quarter. Amalgamated Bank’s holdings in DICK’S Sporting Goods were worth $6,743,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Atreides Management LP bought a new position in DICK’S Sporting Goods in the 2nd quarter worth about $172,715,000. Norges Bank purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $136,483,000. Browning West LP bought a new position in DICK’S Sporting Goods in the second quarter worth approximately $115,719,000. Marshall Wace LLP grew its stake 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 last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $64,693,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Up 1.2%

DKS opened at $215.47 on Tuesday. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a 50-day moving average price of $211.76 and a 200 day moving average price of $217.30. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $19.39 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.16. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is 39.02%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays dropped their target price on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, November 28th. Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. Finally, Robert W. Baird set a $226.00 target price on DICK’S Sporting Goods in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $236.14.

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.