Mutual of America Capital Management LLC Purchases 2,785 Shares of DICK’S Sporting Goods, Inc. $DKS

Mutual of America Capital Management LLC lifted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,876 shares of the sporting goods retailer’s stock after purchasing an additional 2,785 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $6,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atreides Management LP acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $172,715,000. Norges Bank purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at about $136,483,000. Browning West LP purchased a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $115,719,000. Marshall Wace LLP boosted 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 purchasing an additional 418,872 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $64,693,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DKS shares. TD Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Barclays cut 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 note on Friday, November 28th. Finally, Morgan Stanley increased their price objective 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. Eleven investment 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $239.10.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $205.86 on Wednesday. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $251.75. The business has a fifty day simple moving average of $210.66 and a 200-day simple moving average of $217.20. 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 $18.52 billion, a P/E ratio of 16.56, a P/E/G ratio of 3.19 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 the consensus estimate 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the company posted $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders 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 dividend 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.