Tobam Has $54,000 Stake in DICK’S Sporting Goods, Inc. $DKS

Tobam reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 97.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245 shares of the sporting goods retailer’s stock after selling 11,027 shares during the quarter. Tobam’s holdings in DICK’S Sporting Goods were worth $54,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DKS. Root Financial Partners LLC bought a new stake in DICK’S Sporting Goods during the third quarter valued at $33,000. Westside Investment Management Inc. lifted its stake in shares of DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares during the period. Mather Group LLC. acquired a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at about $39,000. Atlantic Union Bankshares Corp bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $40,000. Finally, First Horizon Advisors Inc. grew its stake in DICK’S Sporting Goods by 389.4% during the second quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after purchasing an additional 183 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DKS shares. DA Davidson set a $260.00 price target on DICK’S Sporting Goods in a research note on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Telsey Advisory Group decreased their price target 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. Finally, Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $238.37.

DICK’S Sporting Goods Stock Up 1.2%

Shares of NYSE DKS opened at $201.61 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The company has a 50-day moving average price of $208.18 and a 200-day moving average price of $216.37. The stock has a market capitalization of $18.14 billion, a P/E ratio of 16.22, a P/E/G 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.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $2.75 earnings per share. The company’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. On average, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS 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. Stockholders of record on Friday, December 12th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is presently 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.