Alps Advisors Inc. Grows Holdings in DICK’S Sporting Goods, Inc. $DKS

Alps Advisors Inc. boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 38.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,221 shares of the sporting goods retailer’s stock after acquiring an additional 7,570 shares during the period. Alps Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $6,049,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. State of Michigan Retirement System increased its stake in shares of DICK’S Sporting Goods by 17.7% in the third quarter. State of Michigan Retirement System now owns 15,970 shares of the sporting goods retailer’s stock worth $3,549,000 after purchasing an additional 2,400 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in DICK’S Sporting Goods in the 3rd quarter worth $208,000. Bessemer Group Inc. increased its stake in DICK’S Sporting Goods by 47.2% in the 3rd quarter. Bessemer Group Inc. now owns 287 shares of the sporting goods retailer’s stock worth $63,000 after buying an additional 92 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in DICK’S Sporting Goods by 34.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 23,446 shares of the sporting goods retailer’s stock worth $5,210,000 after buying an additional 5,953 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in DICK’S Sporting Goods by 4.8% during the third quarter. Savant Capital LLC now owns 3,369 shares of the sporting goods retailer’s stock valued at $749,000 after acquiring an additional 154 shares during the period. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Trading Up 1.3%

DKS stock opened at $208.17 on Monday. The firm has a fifty day moving average price of $210.45 and a 200 day moving average price of $216.92. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $247.19. The firm has a market cap of $18.73 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.83 and a beta of 1.23. 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 released 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. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the firm earned $2.75 earnings per share. DICK’S Sporting Goods’s revenue 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. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given 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 2.3%. DICK’S Sporting Goods’s payout ratio is currently 39.02%.

Wall Street Analyst Weigh In

DKS has been the subject of a number of recent analyst reports. DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research note on Monday, January 12th. Barclays dropped their price target on 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. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Wells Fargo & Company boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. 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.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.