DICK’S Sporting Goods, Inc. $DKS Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.9% during the third quarter, Holdings Channel reports. The firm owned 30,876 shares of the sporting goods retailer’s stock after buying an additional 2,785 shares during the period. Mutual of America Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $6,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $136,483,000. Rakuten Investment Management Inc. acquired a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $8,123,000. Caldwell Trust Co bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $1,433,000. Cerro Pacific Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $286,000. Finally, Lancaster Investment Management acquired a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $31,552,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Monday, January 12th. Wells Fargo & Company lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. Barclays decreased their price target on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research report on Friday, November 28th. Finally, Truist Financial increased their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average target price of $239.10.

DICK’S Sporting Goods Trading Up 1.3%

NYSE:DKS opened at $205.86 on Wednesday. The stock has a market cap of $18.52 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 3.19 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $251.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The stock’s 50-day moving average is $210.66 and its two-hundred day moving average is $217.20.

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. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the business earned $2.75 EPS. 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, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 12th. 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.