DICK’S Sporting Goods, Inc. $DKS Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,706 shares of the sporting goods retailer’s stock after purchasing an additional 2,639 shares during the quarter. EFG Asset Management North America Corp.’s holdings in DICK’S Sporting Goods were worth $3,047,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Atreides Management LP bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $172,715,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $136,483,000. Marshall Wace LLP lifted its stake in shares of DICK’S Sporting Goods by 208.3% in the 2nd quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock worth $122,639,000 after acquiring an additional 418,872 shares during the period. Browning West LP bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $115,719,000. Finally, Bank of America Corp DE increased its stake in shares of DICK’S Sporting Goods by 31.3% during the second quarter. Bank of America Corp DE now owns 515,302 shares of the sporting goods retailer’s stock valued at $101,932,000 after acquiring an additional 122,889 shares during the period. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Up 1.3%

Shares of DKS opened at $205.86 on Wednesday. The business’s 50-day moving average price is $210.66 and its 200 day moving average price is $217.20. 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 capitalization of $18.52 billion, a P/E ratio of 16.56, a P/E/G ratio of 3.19 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $251.75.

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, 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 analysts’ expectations of $4.45 billion. During the same period last year, the company posted $2.75 earnings per share. The business’s revenue for the quarter 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. Analysts expect 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 disclosed 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. This represents a $4.85 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

Wall Street Analyst Weigh In

DKS has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Barclays decreased their target price on 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. Wells Fargo & Company boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Finally, DA Davidson set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average target price 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.