BI Asset Management Fondsmaeglerselskab A S Acquires 5,953 Shares of DICK’S Sporting Goods, Inc. $DKS

BI Asset Management Fondsmaeglerselskab A S grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 34.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,446 shares of the sporting goods retailer’s stock after buying an additional 5,953 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in DICK’S Sporting Goods were worth $5,210,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DKS. Root Financial Partners LLC acquired a new position in DICK’S Sporting Goods during the third quarter valued at approximately $33,000. Westside Investment Management Inc. boosted its holdings in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after buying an additional 76 shares during the period. Mather Group LLC. acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at $39,000. Atlantic Union Bankshares Corp bought a new position in DICK’S Sporting Goods in the 2nd quarter worth $40,000. Finally, First Horizon Advisors Inc. lifted its position in DICK’S Sporting Goods by 389.4% during the 2nd 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 last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $208.17 on Friday. The firm has a market cap of $18.73 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 2.79 and a beta of 1.23. The firm’s 50-day simple moving average is $210.45 and its 200-day simple moving average is $216.90. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $247.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results 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. 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 analysts’ expectations of $4.45 billion. During the same quarter last year, the company earned $2.75 earnings per share. The company’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. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is presently 39.02%.

Analyst Upgrades and Downgrades

DKS has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. Robert W. Baird set a $226.00 price target on DICK’S Sporting Goods in a research report on Wednesday, November 26th. Wells Fargo & Company increased their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Finally, Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $236.95.

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.