MFF Capital Investments Ltd raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 12.3% in the 3rd quarter, Holdings Channel reports. The fund owned 91,581 shares of the sporting goods retailer’s stock after purchasing an additional 10,000 shares during the period. DICK’S Sporting Goods accounts for 0.8% of MFF Capital Investments Ltd’s holdings, making the stock its 16th biggest holding. MFF Capital Investments Ltd’s holdings in DICK’S Sporting Goods were worth $12,298,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Heritage Family Offices LLP acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth $29,000. Pinnacle Wealth Planning Services Inc. grew its holdings in DICK’S Sporting Goods by 241.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 290 shares of the sporting goods retailer’s stock valued at $39,000 after purchasing an additional 205 shares in the last quarter. Versant Capital Management Inc grew its holdings in DICK’S Sporting Goods by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 333 shares of the sporting goods retailer’s stock valued at $45,000 after purchasing an additional 85 shares in the last quarter. Ancora Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $83,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth $91,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on DKS. Telsey Advisory Group lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $255.00 to $145.00 in a report on Wednesday, August 26th. BMO Capital Markets reissued an “underperform” rating on shares of DICK’S Sporting Goods in a research report on Monday, October 26th. UBS Group lowered their target price on DICK’S Sporting Goods from $275.00 to $178.00 and set a “buy” rating for the company in a research note on Thursday, August 27th. BNP Paribas Exane reaffirmed an “underperform” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, October 27th. Finally, Robert W. Baird lowered DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and set a $150.00 target price on the stock. in a research report on Monday, September 14th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Hold” and an average target price of $166.55.
Read Our Latest Research Report on DICK’S Sporting Goods
Insider Transactions at DICK’S Sporting Goods
In other DICK’S Sporting Goods news, Director Robert Eddy acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average price of $128.69 per share, with a total value of $514,760.00. Following the completion of the acquisition, the director directly owned 10,886 shares in the company, valued at $1,400,919.34. This trade represents a 58.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Colombo bought 5,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of $128.72 per share, with a total value of $643,600.00. Following the purchase, the director owned 178,987 shares of the company’s stock, valued at $23,039,206.64. The trade was a 2.87% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 42,795 shares of company stock valued at $5,588,641 over the last quarter. Insiders own 28.91% of the company’s stock.
DICK’S Sporting Goods Stock Up 1.5%
Shares of DICK’S Sporting Goods stock opened at $149.84 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $136.92 and a 200 day moving average price of $190.20. DICK’S Sporting Goods, Inc. has a fifty-two week low of $120.15 and a fifty-two week high of $244.38. The firm has a market cap of $13.33 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.80 and a beta of 1.09.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.74 by ($0.21). DICK’S Sporting Goods had a net margin of 3.97% and a return on equity of 19.21%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the firm posted $4.38 earnings per share. DICK’S Sporting Goods’s revenue was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 11.68 earnings per share for the current fiscal year.
DICK’S Sporting Goods Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, September 11th. This represents a $5.00 annualized dividend and a yield of 3.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 53.71%.
DICK’S Sporting Goods Company Profile
DICK’S Sporting Goods, Inc. is a U.S. sporting goods retailer that sells equipment, apparel, footwear and accessories for a range of sports and outdoor activities. Customers can shop through its stores and e-commerce platforms, and the company also offers services such as golf club fitting and equipment repair at select locations. The company operates under several retail banners, including DICK’S Sporting Goods, Golf Galaxy, Public Lands and Going Going Gone!, as well as experiential DICK’S House of Sport locations.
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