DICK’S Sporting Goods, Inc. $DKS Shares Bought by National Pension Service

National Pension Service raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,779 shares of the sporting goods retailer’s stock after buying an additional 5,914 shares during the quarter. National Pension Service’s holdings in DICK’S Sporting Goods were worth $5,951,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Atreides Management LP acquired a new position in DICK’S Sporting Goods during the second quarter worth about $172,715,000. Bank of New York Mellon Corp boosted its holdings in shares of DICK’S Sporting Goods by 13.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock worth $155,498,000 after purchasing an additional 81,239 shares during the last quarter. Norges Bank acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $136,483,000. Marshall Wace LLP grew its position in shares of DICK’S Sporting Goods by 208.3% in the second quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock valued at $122,639,000 after purchasing an additional 418,872 shares in the last quarter. Finally, Browning West LP acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $115,719,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Up 0.1%

Shares of NYSE:DKS opened at $203.13 on Wednesday. The firm has a market capitalization of $18.28 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $247.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The firm’s 50-day moving average is $210.39 and its two-hundred day moving average is $217.08.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the firm earned $2.75 EPS. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Analysts predict 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 declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given 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 2.4%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 39.02%.

Analyst Ratings Changes

DKS has been the subject of several analyst reports. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Barclays cut their price objective on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research report on Friday, November 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, January 5th. Finally, Wells Fargo & Company increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $236.95.

DICK’S Sporting Goods 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.