EFG Asset Management North America Corp. Boosts Holdings in DICK’S Sporting Goods, Inc. $DKS

EFG Asset Management North America Corp. lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,706 shares of the sporting goods retailer’s stock after purchasing an additional 2,639 shares during the period. EFG Asset Management North America Corp.’s holdings in DICK’S Sporting Goods were worth $3,047,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Avantax Planning Partners Inc. purchased a new stake in DICK’S Sporting Goods during the 3rd quarter worth $215,000. Sage Rhino Capital LLC acquired a new stake in shares of DICK’S Sporting Goods during the third quarter valued at about $215,000. Mutual of America Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 9.9% during the third quarter. Mutual of America Capital Management LLC now owns 30,876 shares of the sporting goods retailer’s stock worth $6,861,000 after acquiring an additional 2,785 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of DICK’S Sporting Goods by 20.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 7,511 shares of the sporting goods retailer’s stock worth $1,670,000 after acquiring an additional 1,298 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in DICK’S Sporting Goods by 18.0% in the third quarter. Retirement Systems of Alabama now owns 99,322 shares of the sporting goods retailer’s stock valued at $22,071,000 after purchasing an additional 15,174 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on DKS shares. Truist Financial upped their target price on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Finally, Robert W. Baird set a $226.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $239.10.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $205.86 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $210.66 and its two-hundred day moving average price is $217.20. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $251.75. The stock has a market capitalization of $18.52 billion, a P/E ratio of 16.56, a P/E/G ratio of 3.19 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last posted its 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. The company 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 business’s revenue was up 36.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.4%. DICK’S Sporting Goods’s payout ratio is 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.