DICK’S Sporting Goods, Inc. $DKS Stock Position Raised by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 142,028 shares of the sporting goods retailer’s stock after acquiring an additional 16,354 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in DICK’S Sporting Goods were worth $32,364,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its position in DICK’S Sporting Goods by 14.0% in the 3rd quarter. New York State Teachers Retirement System now owns 73,015 shares of the sporting goods retailer’s stock worth $16,225,000 after buying an additional 8,948 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $206,000. Forum Financial Management LP increased its position in DICK’S Sporting Goods by 5.9% during the third quarter. Forum Financial Management LP now owns 2,444 shares of the sporting goods retailer’s stock worth $543,000 after buying an additional 136 shares during the last quarter. Lakewood Asset Management LLC lifted its position in shares of DICK’S Sporting Goods by 1.4% in the third quarter. Lakewood Asset Management LLC now owns 10,669 shares of the sporting goods retailer’s stock worth $2,371,000 after buying an additional 146 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in DICK’S Sporting Goods by 16.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 13,483 shares of the sporting goods retailer’s stock worth $2,996,000 after purchasing an additional 1,902 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson reduced their price objective on DICK’S Sporting Goods from $270.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. TD Cowen decreased their price target on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Telsey Advisory Group dropped their price objective on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, BNP Paribas Exane began coverage on DICK’S Sporting Goods in a research note on Friday, September 26th. They set an “underperform” rating and a $177.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $235.10.

DICK’S Sporting Goods Stock Down 0.2%

Shares of DKS stock opened at $216.30 on Monday. The firm’s fifty day moving average price is $212.27 and its two-hundred day moving average price is $216.82. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The firm has a market capitalization of $19.46 billion, a P/E ratio of 17.40, a PEG ratio of 3.39 and a beta of 1.19.

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 for the quarter, topping the consensus estimate of $2.62 by $0.16. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued 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 2.2%. DICK’S Sporting Goods’s payout ratio is presently 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.