DICK’S Sporting Goods, Inc. $DKS Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 31.8% during the third quarter, according to its most recent filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DKS. Root Financial Partners LLC bought a new stake in DICK’S Sporting Goods during the third quarter worth approximately $33,000. Westside Investment Management Inc. increased its position in shares of DICK’S Sporting Goods by 100.0% during 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. bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth $39,000. Atlantic Union Bankshares Corp acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $40,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of DICK’S Sporting Goods by 389.4% in the second 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. 89.83% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Stock Up 1.2%

DKS stock opened at $201.61 on Monday. 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 firm 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 52-week low of $166.37 and a 52-week high of $244.25. The company’s 50 day simple moving average is $208.54 and its 200-day simple moving average is $216.43.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data 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 net margin of 6.86% and a return on equity of 30.55%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the company posted $2.75 EPS. 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. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid 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 dividend payout ratio is currently 39.02%.

Analysts Set New Price Targets

DKS has been the topic of several research reports. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Robert W. Baird set a $253.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Finally, DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $238.37.

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.