Arizona State Retirement System Increases Stock Position in DICK’S Sporting Goods, Inc. $DKS

Arizona State Retirement System lifted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 20.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,786 shares of the sporting goods retailer’s stock after acquiring an additional 3,334 shares during the quarter. Arizona State Retirement System’s holdings in DICK’S Sporting Goods were worth $4,397,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DKS. Atreides Management LP purchased a new position in shares of DICK’S Sporting Goods in the second quarter worth about $172,715,000. Norges Bank bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $136,483,000. Browning West LP purchased a new position in shares of DICK’S Sporting Goods during the second quarter worth about $115,719,000. Marshall Wace LLP increased its position in shares of 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 worth $122,639,000 after purchasing an additional 418,872 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in DICK’S Sporting Goods in the second quarter valued at approximately $64,693,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on DKS shares. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Telsey Advisory Group cut their target price on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. DA Davidson set a $260.00 price target on DICK’S Sporting Goods in a research report on Monday, January 12th. Finally, Robert W. Baird set a $226.00 price target on DICK’S Sporting Goods in a research note on Wednesday, November 26th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $236.95.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $202.97 on Tuesday. The company has a 50-day simple moving average of $210.46 and a two-hundred day simple moving average of $217.12. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $247.19. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.17 and a beta of 1.23. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

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 analysts’ consensus estimates 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 company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the previous year, the company posted $2.75 EPS. DICK’S Sporting Goods’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. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS 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 $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

About DICK’S Sporting Goods

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.