DICK’S Sporting Goods, Inc. $DKS Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 17.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,300 shares of the sporting goods retailer’s stock after acquiring an additional 3,648 shares during the period. Baird Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $4,807,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP raised its position in DICK’S Sporting Goods by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer’s stock worth $181,225,000 after buying an additional 17,534 shares during the last quarter. Invesco Ltd. raised its position in DICK’S Sporting Goods by 36.2% during the 1st quarter. Invesco Ltd. now owns 808,313 shares of the sporting goods retailer’s stock worth $162,924,000 after buying an additional 214,718 shares during the last quarter. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $136,483,000. Finally, Amundi boosted its holdings in shares of DICK’S Sporting Goods by 6.2% in the first quarter. Amundi now owns 401,013 shares of the sporting goods retailer’s stock valued at $79,537,000 after acquiring an additional 23,353 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent analyst reports. Truist Financial upped their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Citigroup raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $225.00 to $280.00 in a research note on Tuesday, September 9th. Oppenheimer reiterated an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Telsey Advisory Group lowered 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 research report on Wednesday, November 26th. Finally, UBS Group lifted their price target on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Eleven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $235.10.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $218.07 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The stock has a fifty day moving average of $220.56 and a two-hundred day moving average of $211.77. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 3.36 and a beta of 1.17.

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, 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the company earned $2.75 earnings per share. The business’s revenue for the quarter was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS 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. Investors of record on Friday, December 12th will be paid a dividend of $1.2125 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio is presently 39.02%.

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.