Fisher Asset Management LLC Grows Stock Position in DICK’S Sporting Goods, Inc. $DKS

Fisher Asset Management LLC lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 155.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 235,158 shares of the sporting goods retailer’s stock after purchasing an additional 143,212 shares during the period. Fisher Asset Management LLC owned about 0.29% of DICK’S Sporting Goods worth $46,517,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DKS. Oder Investment Management LLC raised its position in DICK’S Sporting Goods by 1.0% in the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock worth $1,060,000 after acquiring an additional 51 shares during the period. US Bancorp DE grew its position in shares of DICK’S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after acquiring an additional 53 shares during the period. Vontobel Holding Ltd. increased its stake in shares of DICK’S Sporting Goods by 2.0% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,971 shares of the sporting goods retailer’s stock worth $588,000 after purchasing an additional 58 shares in the last quarter. PFG Investments LLC raised its holdings in DICK’S Sporting Goods by 5.7% in the 2nd quarter. PFG Investments LLC now owns 1,174 shares of the sporting goods retailer’s stock worth $232,000 after purchasing an additional 63 shares during the period. Finally, Compound Planning Inc. lifted its position in DICK’S Sporting Goods by 5.7% during the first quarter. Compound Planning Inc. now owns 1,291 shares of the sporting goods retailer’s stock valued at $260,000 after purchasing an additional 70 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Up 0.6%

Shares of DKS opened at $209.52 on Wednesday. The firm has a market cap of $16.78 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 3.18 and a beta of 1.17. 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 1 year low of $166.37 and a 1 year high of $254.60. The company has a 50 day simple moving average of $220.62 and a two-hundred day simple moving average of $210.06.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. DICK’S Sporting Goods’s revenue for the quarter was up 36.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DKS. The Goldman Sachs Group began coverage on DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price target for the company. Truist Financial boosted their price objective on 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. UBS Group raised 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. DA Davidson lowered their price target on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, September 26th. They issued an “underperform” rating and a $177.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $235.10.

Insider Activity

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the completion of the transaction, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 32.55% of the company’s stock.

About DICK’S Sporting Goods

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.