Prime Capital Investment Advisors LLC Increases Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) (2024)

Prime Capital Investment Advisors LLC lifted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 38.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,120 shares of the sporting goods retailer’s stock after acquiring an additional 1,146 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in DICK’S Sporting Goods were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Quarry LP acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in DICK’S Sporting Goods during the first quarter valued at approximately $28,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in DICK’S Sporting Goods during the second quarter worth approximately $29,000. Kistler Tiffany Companies LLC purchased a new stake in DICK’S Sporting Goods during the second quarter worth approximately $52,000. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of DICK’S Sporting Goods in the second quarter worth $53,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of research reports. Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Wedbush increased their target price on DICK’S Sporting Goods from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, November 22nd. Truist Financial raised their target price on DICK’S Sporting Goods from $154.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Citigroup increased their price objective on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, November 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price objective (up previously from $140.00) on shares of DICK’S Sporting Goods in a research note on Friday, November 17th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.19.

Read Our Latest Research Report on DICK’S Sporting Goods

DICK’S Sporting Goods Stock Down 0.5 %

Shares of DICK’S Sporting Goods stock opened at $165.57 on Wednesday. The business has a 50-day moving average price of $147.04 and a 200 day moving average price of $128.50. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $167.05. The firm has a market cap of $13.53 billion, a P/E ratio of 14.77, a P/E/G ratio of 2.48 and a beta of 1.53. The company has a quick ratio of 0.56, a current ratio of 1.65 and a debt-to-equity ratio of 0.62.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its quarterly earnings results on Tuesday, November 21st. The sporting goods retailer reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.41. DICK’S Sporting Goods had a return on equity of 40.94% and a net margin of 7.76%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $2.60 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 12.42 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $1.00 dividend. The ex-dividend date was Thursday, December 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.42%. DICK’S Sporting Goods’s payout ratio is currently 35.68%.

Insider Activity

In related news, Director Lawrence J. Schorr sold 3,174 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $143.12, for a total transaction of $454,262.88. Following the completion of the sale, the director now owns 57,518 shares of the company’s stock, valued at approximately $8,231,976.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Profile

(Free Report)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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