Nomura Holdings Inc. Makes New $11.36 Million Investment in DICK’S Sporting Goods, Inc. $DKS

Nomura Holdings Inc. bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,443 shares of the sporting goods retailer’s stock, valued at approximately $11,363,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in DICK’S Sporting Goods in the second quarter worth $40,000. Ancora Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 85.4% in the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after buying an additional 105 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of DICK’S Sporting Goods by 389.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after buying an additional 183 shares during the last quarter. Brooklyn Investment Group raised its position in shares of DICK’S Sporting Goods by 91.2% during the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after buying an additional 124 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of DICK’S Sporting Goods by 63.3% in the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after acquiring an additional 119 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. BNP Paribas Exane assumed coverage on DICK’S Sporting Goods in a report on Friday, September 26th. They set an “underperform” rating and a $177.00 price target on the stock. Barclays lowered 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 report on Friday, November 28th. UBS Group boosted their price objective on shares of DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, BNP Paribas set a $177.00 target price on shares of DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. Eleven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $235.10.

Insider Transactions at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at approximately $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.55% of the stock is owned by company insiders.

DICK’S Sporting Goods Trading Down 1.5%

NYSE:DKS opened at $213.54 on Monday. The firm has a 50-day simple moving average of $219.65 and a 200-day simple moving average of $212.69. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60. The firm has a market cap of $19.21 billion, a P/E ratio of 17.18, a P/E/G ratio of 3.31 and a beta of 1.17. 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 issued its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share 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 company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter last year, the company earned $2.75 earnings per share. The firm’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. Equities analysts anticipate 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 will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, December 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 39.02%.

About DICK’S Sporting Goods

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.