Envestnet Asset Management Inc. Has $31.62 Million Stake in DICK’S Sporting Goods, Inc. $DKS

Envestnet Asset Management Inc. increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 25.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,304 shares of the sporting goods retailer’s stock after buying an additional 28,881 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of DICK’S Sporting Goods worth $31,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $33,000. Westside Investment Management Inc. lifted its position in DICK’S Sporting Goods by 100.0% during the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after purchasing an additional 76 shares during the period. Mather Group LLC. acquired a new stake in DICK’S Sporting Goods during the third quarter worth about $39,000. Atlantic Union Bankshares Corp bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $40,000. Finally, Cornerstone Planning Group LLC increased its holdings in DICK’S Sporting Goods by 7,000.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 213 shares of the sporting goods retailer’s stock valued at $47,000 after buying an additional 210 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $204.10 on Thursday. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 2.72 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $209.67 and its 200-day moving average price is $216.64. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $245.63.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the business earned $2.75 EPS. The firm’s quarterly 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. 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 disclosed 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. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 39.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DKS shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. Morgan Stanley upped their target price on DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Ten 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $238.37.

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.