LSV Asset Management Lowers Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

LSV Asset Management lessened its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 559,950 shares of the sporting goods retailer’s stock after selling 33,910 shares during the quarter. LSV Asset Management owned approximately 0.70% of DICK’S Sporting Goods worth $124,432,000 at the end of the most recent reporting period.

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

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $199.71 on Friday. The company has a market cap of $17.97 billion, a P/E ratio of 16.07, a PEG ratio of 2.78 and a beta of 1.23. The firm has a fifty day moving average price of $209.15 and a 200 day moving average price of $216.53. 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, Inc. has a 12 month low of $166.37 and a 12 month high of $245.63.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results 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. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.DICK’S Sporting Goods’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the firm earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a dividend of $1.2125 per share. The ex-dividend date was Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.4%. DICK’S Sporting Goods’s payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DKS shares. Barclays decreased their price target on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research report on Friday, November 28th. Morgan Stanley lifted their target price on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Truist Financial boosted their target price on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.37.

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.