DICK’S Sporting Goods, Inc. $DKS Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 76.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,148 shares of the sporting goods retailer’s stock after selling 80,098 shares during the quarter. Great Lakes Advisors LLC’s holdings in DICK’S Sporting Goods were worth $5,367,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Atreides Management LP acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $172,715,000. Norges Bank purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $136,483,000. Browning West LP acquired a new stake in shares of DICK’S Sporting Goods during the second quarter valued at about $115,719,000. Marshall Wace LLP increased its position in shares of DICK’S Sporting Goods by 208.3% during the second quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock worth $122,639,000 after acquiring an additional 418,872 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter worth about $64,693,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DKS shares. Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Barclays dropped 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 research note on Friday, November 28th. Finally, Telsey Advisory Group reduced their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $236.95.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $201.70 on Friday. The business’s fifty day moving average price is $210.54 and its 200 day moving average price is $216.99. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $250.04. The stock has a market capitalization of $18.15 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 3.22 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 (NYSE:DKS) last released its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The firm’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. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

About DICK’S Sporting Goods

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.