DICK’S Sporting Goods, Inc. $DKS Stock Position Reduced by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,792 shares of the sporting goods retailer’s stock after selling 5,962 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in DICK’S Sporting Goods were worth $2,843,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DKS. Atreides Management LP acquired a new position in shares of DICK’S Sporting Goods in the second quarter worth $172,715,000. Bank of New York Mellon Corp increased its position in DICK’S Sporting Goods by 13.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock worth $155,498,000 after purchasing an additional 81,239 shares during the last quarter. Norges Bank acquired a new position in DICK’S Sporting Goods in the 2nd quarter worth about $136,483,000. Marshall Wace LLP raised its stake in shares of 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 in the last quarter. Finally, Browning West LP acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $115,719,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DKS shares. Wells Fargo & Company increased their price objective 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. Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. Telsey Advisory Group reduced their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Finally, Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average price target of $238.37.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $201.61 on Monday. The firm has a market capitalization of $18.14 billion, a PE ratio of 16.22, a PEG ratio of 2.74 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $244.25. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $208.54 and its 200 day simple moving average is $216.43.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.45 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business’s quarterly revenue was up 36.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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

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.