DICK’S Sporting Goods, Inc. $DKS Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,452 shares of the sporting goods retailer’s stock after purchasing an additional 2,501 shares during the period. Yousif Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $4,989,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DKS. Atreides Management LP purchased a new position in DICK’S Sporting Goods during the second quarter worth $172,715,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods during the second quarter valued at $136,483,000. Marshall Wace LLP increased its position 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 in the last quarter. Browning West LP acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $115,719,000. Finally, Bank of America Corp DE lifted its holdings in DICK’S Sporting Goods by 31.3% in the 2nd quarter. Bank of America Corp DE now owns 515,302 shares of the sporting goods retailer’s stock valued at $101,932,000 after purchasing an additional 122,889 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the sale, the chief executive officer owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DKS shares. Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $232.00 to $253.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They set a “buy” rating and a $274.00 target price on the stock. Wall Street Zen downgraded DICK’S Sporting Goods from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. BNP Paribas set a $177.00 price objective on DICK’S Sporting Goods and gave the stock an “underperform” rating in a report on Friday, September 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $235.10.

DICK’S Sporting Goods Trading Up 0.7%

DKS stock opened at $209.36 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 3.26 and a beta of 1.17. The business has a fifty day simple moving average of $217.00 and a 200-day simple moving average of $214.20. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted 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. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The firm’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, December 12th. DICK’S Sporting Goods’s payout ratio is 39.02%.

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.