SCS Capital Management LLC Raises Position in DICK'S Sporting Goods, Inc. $DKS

SCS Capital Management LLC increased its stake in DICK'S Sporting Goods by 559.6% in Q2, owning 64,143 shares worth $12.7 million. Other investors also adjusted their positions. Analysts have mixed ratings, with a consensus "Hold" and an average price target of $235.10. DICK'S Sporting Goods reported Q3 earnings of $2.78 per share, beating estimates, with revenue up 36.3% year-over-year. The company has set FY 2025 EPS guidance at 14.250-14.550.

SCS Capital Management LLC lifted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 559.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,143 shares of the sporting goods retailer's stock after buying an additional 54,418 shares during the period. SCS Capital Management LLC owned about 0.08% of DICK'S Sporting Goods worth $12,688,000 as of its most recent SEC filing.

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DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in DICK'S Sporting Goods in the 2nd quarter valued at approximately $40,000. First Horizon Advisors Inc. raised its stake 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 worth $45,000 after purchasing an additional 183 shares during the last quarter. Ancora Advisors LLC lifted its holdings in shares of DICK'S Sporting Goods by 85.4% during the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock valued at $46,000 after purchasing an additional 105 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of DICK'S Sporting Goods by 91.2% during the first quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer's stock valued at $52,000 after buying an additional 124 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings 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. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

DKS has been the topic of several research analyst reports. Weiss Ratings upgraded shares of DICK'S Sporting Goods from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. DA Davidson decreased their price objective on shares of DICK'S Sporting Goods from $270.00 to $245.00 and set a "buy" rating for the company in a report on Wednesday, November 26th. Barclays lowered their price objective on shares of DICK'S Sporting Goods from $246.00 to $242.00 and set an "overweight" rating on the stock in a research report on Friday, November 28th. Wells Fargo & Company lifted their target price on shares of 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. Finally, Citigroup upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their target price for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Hold" and an average price target of $235.10.

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DICK'S Sporting Goods Stock Performance

DKS opened at $225.61 on Friday. The company's 50 day moving average is $220.57 and its 200 day moving average is $210.30. 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 company has a market cap of $18.07 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 3.48 and a beta of 1.17. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60.

Don’t Take Dick’s Sporting Goods Seriously? Big Mistake

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.45 billion. DICK'S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The company's quarterly revenue was up 36.3% on a year-over-year basis. During the same period last year, the firm earned $2.75 earnings per share. DICK'S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be given a dividend of $1.2125 per share. The ex-dividend date is Friday, December 12th. This represents a $4.85 annualized dividend and a yield of 2.1%. DICK'S Sporting Goods's payout ratio is 39.02%.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the sale, the chief executive officer owned 299,990 shares in the company, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Profile

(Free Report)

DICK's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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