Principal Financial Group Inc. Buys 98,557 Shares of DICK’S Sporting Goods, Inc. $DKS

Principal Financial Group Inc. lifted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 44.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 321,854 shares of the sporting goods retailer’s stock after acquiring an additional 98,557 shares during the quarter. Principal Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $71,525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DKS. Atreides Management LP purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $172,715,000. Bank of New York Mellon Corp lifted its position in DICK’S Sporting Goods by 13.1% during the third quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock valued at $155,498,000 after buying an additional 81,239 shares during the period. Norges Bank bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth about $136,483,000. Marshall Wace LLP lifted its position in DICK’S Sporting Goods by 208.3% during the 2nd quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock valued at $122,639,000 after acquiring an additional 418,872 shares during the period. Finally, Browning West LP purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $115,719,000. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Up 0.1%

DKS opened at $203.13 on Wednesday. The company has a market cap of $18.28 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $247.19. The company has a 50-day moving average price of $210.39 and a 200 day moving average price of $217.08. 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 posted its quarterly earnings results 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 6.86% and a return on equity of 30.55%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the firm posted $2.75 earnings per share. The company’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. 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 business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio is 39.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DKS shares. Morgan Stanley raised their price target on DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Robert W. Baird set a $226.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, Telsey Advisory Group lowered their target price on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $236.95.

DICK’S Sporting Goods Company 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.