American Century Companies Inc. Boosts Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

American Century Companies Inc. raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 35.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,389 shares of the sporting goods retailer’s stock after buying an additional 45,339 shares during the period. American Century Companies Inc. owned about 0.22% of DICK’S Sporting Goods worth $34,101,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DKS. Vanguard Group Inc. grew its position in shares of DICK’S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer’s stock valued at $1,179,171,000 after acquiring an additional 471,217 shares during the period. Wellington Management Group LLP boosted its position in DICK’S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after purchasing an additional 2,282,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in DICK’S Sporting Goods by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after purchasing an additional 17,534 shares in the last quarter. Invesco Ltd. grew its holdings in DICK’S Sporting Goods by 36.2% in the first quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock valued at $162,924,000 after purchasing an additional 214,718 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in shares of DICK’S Sporting Goods by 1,899.2% in the first quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock valued at $127,097,000 after buying an additional 599,025 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.5%

DKS opened at $206.40 on Friday. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 3.23 and a beta of 1.05. The company’s 50 day simple moving average is $221.24 and its two-hundred day simple moving average is $209.68. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.70 and a quick ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter last year, the firm earned $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 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, December 12th. DICK’S Sporting Goods’s payout ratio is currently 39.02%.

Insider Activity at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 32.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird set a $226.00 target price on DICK’S Sporting Goods in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday. UBS Group boosted their target price on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Truist Financial raised their price target on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $235.10.

DICK’S Sporting Goods Company Profile

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.