LSV Asset Management Trims Stock Position in DICK’S Sporting Goods, Inc. $DKS

LSV Asset Management decreased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 559,950 shares of the sporting goods retailer’s stock after selling 33,910 shares during the period. LSV Asset Management’s holdings in DICK’S Sporting Goods were worth $124,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DKS. Atreides Management LP purchased a new stake in DICK’S Sporting Goods in the second quarter valued at $172,715,000. Norges Bank purchased a new position in shares of DICK’S Sporting Goods during the second quarter worth about $136,483,000. Browning West LP acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $115,719,000. Marshall Wace LLP increased its position in shares of DICK’S Sporting Goods by 208.3% during the second 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. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $64,693,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DKS shares. Morgan Stanley upped their target price on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Wells Fargo & Company raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Robert W. Baird set a $253.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday. Finally, Telsey Advisory Group reduced their price target on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.37.

DICK’S Sporting Goods Stock Down 2.3%

DICK’S Sporting Goods stock opened at $199.71 on Friday. The stock has a 50 day moving average of $209.15 and a two-hundred day moving average of $216.53. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $245.63. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.78 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.

DICK’S Sporting Goods (NYSE:DKS) last released its 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. 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 for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the previous year, the company posted $2.75 earnings per share. The company’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. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is currently 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.