DICK’S Sporting Goods, Inc. $DKS Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 52.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,477 shares of the sporting goods retailer’s stock after selling 32,101 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in DICK’S Sporting Goods were worth $6,550,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DKS. Root Financial Partners LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $33,000. Mather Group LLC. acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth approximately $39,000. Atlantic Union Bankshares Corp purchased a new position in DICK’S Sporting Goods during the second quarter valued at approximately $40,000. First Horizon Advisors Inc. increased its stake in DICK’S Sporting Goods by 389.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock valued at $45,000 after buying an additional 183 shares during the period. Finally, Private Trust Co. NA lifted its position in DICK’S Sporting Goods by 63.3% in the 2nd quarter. Private Trust Co. NA now owns 307 shares of the sporting goods retailer’s stock worth $61,000 after buying an additional 119 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on DKS. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Monday, January 12th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Wells Fargo & Company upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Morgan Stanley lifted their price target 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. Finally, Telsey Advisory Group lowered their price target on 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. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $236.95.

DICK’S Sporting Goods Stock Down 0.1%

DKS opened at $205.50 on Thursday. The business has a 50 day moving average price of $210.63 and a 200 day moving average price of $217.12. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $251.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The firm has a market cap of $18.49 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 3.23 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, beating 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 company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter last year, the company posted $2.75 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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

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.