Golden State Equity Partners Takes Position in DICK’S Sporting Goods, Inc. $DKS

Golden State Equity Partners bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,114 shares of the sporting goods retailer’s stock, valued at approximately $692,000.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in DICK’S Sporting Goods in the third quarter worth approximately $39,000. Atlantic Union Bankshares Corp bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $40,000. First Horizon Advisors Inc. grew 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 acquiring an additional 183 shares during the last quarter. Ancora Advisors LLC raised its position in shares of DICK’S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after purchasing an additional 105 shares during the period. Finally, Private Trust Co. NA raised its position in shares of DICK’S Sporting Goods by 63.3% during the second quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after purchasing an additional 119 shares during the period. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $200.34 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The stock has a market cap of $18.02 billion, a P/E ratio of 16.12, a P/E/G ratio of 3.11 and a beta of 1.19. The firm has a 50 day simple moving average of $213.46 and a 200 day simple moving average of $214.99. 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 released its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating 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 net margin of 6.86% and a return on equity of 30.55%. The company’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were given a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 39.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen dropped their price target on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Barclays decreased their target price on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a report on Friday, November 28th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Saturday. Telsey Advisory Group decreased their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group began 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 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $235.10.

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.