Econ Financial Services Corp Buys New Shares in DICK’S Sporting Goods, Inc. $DKS

Econ Financial Services Corp purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,744 shares of the sporting goods retailer’s stock, valued at approximately $1,054,000.

Other large investors also recently bought and sold shares of the company. Vident Advisory LLC increased its holdings in shares of DICK’S Sporting Goods by 13.2% during the 1st quarter. Vident Advisory LLC now owns 2,779 shares of the sporting goods retailer’s stock worth $560,000 after buying an additional 325 shares during the last quarter. Baird Financial Group Inc. grew its position in DICK’S Sporting Goods by 2.4% during the first quarter. Baird Financial Group Inc. now owns 20,652 shares of the sporting goods retailer’s stock valued at $4,163,000 after acquiring an additional 475 shares during the period. Royal Bank of Canada grew its position in DICK’S Sporting Goods by 5.3% during the first quarter. Royal Bank of Canada now owns 60,082 shares of the sporting goods retailer’s stock valued at $12,111,000 after acquiring an additional 3,011 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in DICK’S Sporting Goods by 179.1% during the first quarter. Adage Capital Partners GP L.L.C. now owns 60,000 shares of the sporting goods retailer’s stock worth $12,094,000 after acquiring an additional 38,500 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in DICK’S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DKS shares. TD Cowen reduced their price objective on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. 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 report on Friday, October 17th. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Robert W. Baird set a $226.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $235.10.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $197.94 on Friday. The firm has a fifty day simple moving average of $213.96 and a 200-day simple moving average of $214.84. The company has a market capitalization of $17.81 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 3.11 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

DICK’S Sporting Goods (NYSE:DKS) last issued 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. The firm had revenue of $4.17 billion for 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%. The firm’s revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a $1.2125 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.5%. DICK’S Sporting Goods’s dividend payout ratio is currently 39.02%.

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.