Voya Investment Management LLC Sells 3,536 Shares of DICK’S Sporting Goods, Inc. $DKS

Voya Investment Management LLC lowered its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,717 shares of the sporting goods retailer’s stock after selling 3,536 shares during the period. Voya Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $1,715,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lancaster Investment Management acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $31,552,000. Montecito Bank & Trust bought a new position in DICK’S Sporting Goods during the third quarter worth $367,000. Oak Thistle LLC bought a new position in DICK’S Sporting Goods during the third quarter worth $249,000. GAMMA Investing LLC grew its holdings in DICK’S Sporting Goods by 11.5% in the third quarter. GAMMA Investing LLC now owns 1,868 shares of the sporting goods retailer’s stock worth $415,000 after purchasing an additional 192 shares during the period. Finally, Texas Permanent School Fund Corp increased its stake in DICK’S Sporting Goods by 4.5% in the second quarter. Texas Permanent School Fund Corp now owns 78,209 shares of the sporting goods retailer’s stock valued at $15,471,000 after purchasing an additional 3,396 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Down 3.8%

DKS stock opened at $202.19 on Tuesday. The firm has a market capitalization of $18.19 billion, a PE ratio of 16.27, a P/E/G ratio of 3.30 and a beta of 1.17. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The stock’s 50 day moving average is $215.75 and its 200-day moving average is $214.92.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period in the prior year, the firm posted $2.75 EPS. DICK’S Sporting Goods’s quarterly 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. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were issued a $1.2125 dividend. The ex-dividend date was Friday, December 12th. This represents a $4.85 annualized dividend and a dividend yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio is currently 39.02%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DKS. Robert W. Baird set a $226.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Wells Fargo & Company increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. TD Cowen decreased their price objective on DICK’S Sporting Goods from $234.00 to $226.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Telsey Advisory Group lowered their target price on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Finally, Truist Financial lifted their price target on shares of 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 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $235.10.

DICK’S Sporting Goods Company 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.