Nomura Asset Management Co. Ltd. Has $5.62 Million Position in DICK’S Sporting Goods, Inc. $DKS

Nomura Asset Management Co. Ltd. increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,433 shares of the sporting goods retailer’s stock after acquiring an additional 1,912 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in DICK’S Sporting Goods were worth $5,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Private Advisor Group LLC grew its position in DICK’S Sporting Goods by 4.4% in the first quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer’s stock valued at $292,000 after acquiring an additional 61 shares during the last quarter. IFP Advisors Inc boosted its position in DICK’S Sporting Goods by 9.4% during the 1st quarter. IFP Advisors Inc now owns 841 shares of the sporting goods retailer’s stock worth $170,000 after buying an additional 72 shares during the period. Advisor OS LLC grew its stake in shares of DICK’S Sporting Goods by 22.1% in the first quarter. Advisor OS LLC now owns 1,697 shares of the sporting goods retailer’s stock worth $342,000 after purchasing an additional 307 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of DICK’S Sporting Goods by 14.4% in the first quarter. Avantax Advisory Services Inc. now owns 3,472 shares of the sporting goods retailer’s stock valued at $700,000 after buying an additional 438 shares during the period. Finally, Assetmark Inc. raised its holdings in DICK’S Sporting Goods by 17.1% during the 1st quarter. Assetmark Inc. now owns 2,518 shares of the sporting goods retailer’s stock worth $508,000 after purchasing an additional 367 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the subject of a number of research analyst reports. DA Davidson lifted their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Citigroup upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $225.00 to $280.00 in a report on Tuesday, September 9th. Wells Fargo & Company raised their target price on DICK’S Sporting Goods from $215.00 to $220.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Finally, BNP Paribas Exane began coverage on shares of DICK’S Sporting Goods in a research note on Friday, September 26th. They issued an “underperform” rating and a $177.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $234.29.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $208.81 on Friday. The business has a 50 day moving average of $222.96 and a 200 day moving average of $209.25. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. The company has a market cap of $16.72 billion, a PE ratio of 14.58, a P/E/G ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the firm earned $4.37 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is currently 33.87%.

Insiders Place Their Bets

In other news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.