DICK’S Sporting Goods, Inc. $DKS Stock Position Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 47.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,299 shares of the sporting goods retailer’s stock after acquiring an additional 3,307 shares during the quarter. Advisors Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $2,289,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Atreides Management LP acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $172,715,000. Bank of New York Mellon Corp raised its holdings 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 worth $155,498,000 after purchasing an additional 81,239 shares in the last quarter. Norges Bank bought a new stake in DICK’S Sporting Goods during the second quarter worth approximately $136,483,000. Marshall Wace LLP boosted its stake 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 purchasing an additional 418,872 shares in the last quarter. Finally, Browning West LP bought a new position in DICK’S Sporting Goods during the 2nd quarter valued at $115,719,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $201.61 on Monday. The company has a 50-day moving average of $208.54 and a two-hundred day moving average of $216.43. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.74 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $244.25.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the business posted $2.75 EPS. The company’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 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 firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. DICK’S Sporting Goods’s payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DKS. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. Robert W. Baird set a $253.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday. Telsey Advisory Group dropped their target price on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Finally, Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.37.

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.