DICK’S Sporting Goods, Inc. $DKS Holdings Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,051 shares of the sporting goods retailer’s stock after purchasing an additional 2,934 shares during the quarter. Arkadios Wealth Advisors’ holdings in DICK’S Sporting Goods were worth $2,678,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth $39,000. Atlantic Union Bankshares Corp bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $40,000. First Horizon Advisors Inc. raised its stake in DICK’S Sporting Goods by 389.4% during the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after acquiring an additional 183 shares during the period. Private Trust Co. NA lifted its holdings in DICK’S Sporting Goods by 63.3% in the second quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after acquiring an additional 119 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in DICK’S Sporting Goods by 875.6% in the second quarter. Hantz Financial Services Inc. now owns 400 shares of the sporting goods retailer’s stock valued at $79,000 after acquiring an additional 359 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DKS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. Wells Fargo & Company upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Telsey Advisory Group dropped their target price on 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. Barclays reduced their price target on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a report on Friday, November 28th. Finally, BNP Paribas Exane began coverage on shares of DICK’S Sporting Goods in a research report on Friday, September 26th. They issued an “underperform” rating and a $177.00 price objective on the stock. Eleven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and a consensus price target of $239.10.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $211.99 on Thursday. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 3.24 and a beta of 1.19. 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 12 month low of $166.37 and a 12 month high of $254.60. The stock’s 50 day moving average price is $211.31 and its 200 day moving average price is $217.27.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, beating 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 return on equity of 30.55% and a net margin of 6.86%.The firm’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the company 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 announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 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.