Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Holdings in DICK’S Sporting Goods, Inc. $DKS

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,028 shares of the sporting goods retailer’s stock after purchasing an additional 16,354 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.18% of DICK’S Sporting Goods worth $32,364,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DKS. Atreides Management LP purchased a new position in DICK’S Sporting Goods during the second quarter worth about $172,715,000. Norges Bank acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $136,483,000. Marshall Wace LLP lifted its holdings in DICK’S Sporting Goods by 208.3% during the 2nd quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock worth $122,639,000 after buying an additional 418,872 shares in the last quarter. Browning West LP purchased a new position in DICK’S Sporting Goods in the second quarter valued at $115,719,000. Finally, Bank of America Corp DE raised its position in DICK’S Sporting Goods by 31.3% in the 2nd quarter. Bank of America Corp DE now owns 515,302 shares of the sporting goods retailer’s stock valued at $101,932,000 after purchasing an additional 122,889 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DKS. Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. DA Davidson dropped their target price on DICK’S Sporting Goods from $270.00 to $245.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Telsey Advisory Group decreased their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. BNP Paribas Exane began coverage on shares of DICK’S Sporting Goods in a research report on Friday, September 26th. They set an “underperform” rating and a $177.00 target price on the stock. Finally, Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Eleven investment 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $235.10.

DICK’S Sporting Goods Price Performance

DKS opened at $216.30 on Monday. The company has a 50 day moving average of $212.27 and a two-hundred day moving average of $216.82. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. 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 company has a market cap of $19.46 billion, a P/E ratio of 17.40, a P/E/G ratio of 3.39 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the company earned $2.75 earnings per share. The firm’s revenue 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. On average, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date 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.