DICK’S Sporting Goods, Inc. $DKS Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 47.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,299 shares of the sporting goods retailer’s stock after purchasing an additional 3,307 shares during the period. Advisors Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $2,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atreides Management LP acquired a new stake in shares of DICK’S Sporting Goods during the second quarter valued at about $172,715,000. Norges Bank purchased a new position in DICK’S Sporting Goods in the second quarter valued at about $136,483,000. Browning West LP acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at approximately $115,719,000. Marshall Wace LLP increased its holdings in DICK’S Sporting Goods by 208.3% during the 2nd quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock worth $122,639,000 after purchasing 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 2nd quarter valued at approximately $64,693,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.2%

NYSE:DKS opened at $201.61 on Monday. 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 stock has a 50 day moving average of $208.54 and a 200-day moving average of $216.43. The firm has a market capitalization of $18.14 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.74 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $244.25.

DICK’S Sporting Goods (NYSE:DKS) last released 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 return on equity of 30.55% and a net margin of 6.86%.The business 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 posted $2.75 EPS. The business’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. Analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced 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 was Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio is 39.02%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DKS shares. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Telsey Advisory Group cut their target price 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. Barclays reduced their price target on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research report on Friday, November 28th. Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.37.

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.