Arizona State Retirement System Boosts Stock Position in DICK’S Sporting Goods, Inc. $DKS

Arizona State Retirement System increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 20.3% during the 3rd quarter, Holdings Channel reports. The firm owned 19,786 shares of the sporting goods retailer’s stock after buying an additional 3,334 shares during the period. Arizona State Retirement System’s holdings in DICK’S Sporting Goods were worth $4,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DKS. Root Financial Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $33,000. Mather Group LLC. purchased a new stake in DICK’S Sporting Goods in the third quarter worth $39,000. Atlantic Union Bankshares Corp purchased a new stake in DICK’S Sporting Goods in the second quarter worth $40,000. First Horizon Advisors Inc. boosted its holdings in DICK’S Sporting Goods by 389.4% in the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock valued at $45,000 after acquiring an additional 183 shares in the last quarter. Finally, Private Trust Co. NA increased its position in DICK’S Sporting Goods by 63.3% during the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock valued at $61,000 after purchasing an additional 119 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Monday, January 12th. Truist Financial raised 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 report on Friday, October 17th. Robert W. Baird set a $226.00 price objective on DICK’S Sporting Goods in a research report on Wednesday, November 26th. Wells Fargo & Company increased their target price on 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. Finally, The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $236.95.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $202.97 on Tuesday. 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 stock has a market cap of $18.26 billion, a P/E ratio of 16.33, a P/E/G ratio of 3.17 and a beta of 1.23. The business’s 50 day moving average price is $210.46 and its 200-day moving average price is $217.12. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $247.19.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share 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 company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the company earned $2.75 EPS. The firm’s revenue for the quarter was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities 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 declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $1.2125 dividend. The ex-dividend date 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 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.