DICK’S Sporting Goods, Inc. (NYSE: DKS) has experienced a notable increase in institutional ownership, with TD Waterhouse Canada Inc. leading the charge by boosting its stake in the company by 7.4% in the second quarter. This brings TD Waterhouse Canada’s total holdings to 28,131 shares, valued at approximately $5.795 million. Other significant institutional investors, including Wellington Management Group LLP, Westfield Capital Management Co. LP, and Vanguard Group Inc., have also significantly increased their positions, contributing to an overall institutional ownership of 89.83%.
Despite the positive movement in institutional holdings, analysts remain divided on the stock. Twelve investment analysts have given DICK’S Sporting Goods a “Buy” rating, while ten have assigned a “Hold” rating, and two have issued a “Sell” rating. The MarketBeat consensus rating stands at “Hold” with a target price of $234.29. However, several firms, including DA Davidson, Truist, and Goldman Sachs, have raised their target prices to the mid-$250s to low-$270s following the company’s recent earnings beat.
DICK’S Sporting Goods reported quarterly earnings of $4.38 per share on August 28th, surpassing the market estimate of $4.30. The company’s revenue for the quarter reached $3.65 billion, exceeding analyst estimates of $3.61 billion. This performance has led to an increase in several target prices and a mixed outlook among analysts.
The company’s stock opened at $202.91 on Friday, with a 12-month low of $166.37 and a 12-month high of $254.60. DICK’S Sporting Goods has a market capitalization of $16.25 billion, a P/E ratio of 14.17, a P/E/G ratio of 3.23, and a beta of 1.05. The 50-day moving average price is $223.21, and the 200-day moving average price is $209.11.
In terms of financial performance, DICK’S Sporting Goods has a net margin of 8.52% and a return on equity of 36.54%. The company’s quarterly revenue increased by 5.0% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at an EPS range of 13.90 to 14.50.
The company also announced a quarterly dividend of $1.2125, with an annualized dividend of $4.85 and a yield of approximately 2.4%. CEO Lauren R. Hobart sold 20,083 shares on September 29th, representing a 6.27% decrease in her holdings. However, insiders still own 32.55% of the company’s stock.
Founded by Richard T. Stack in 1948, DICK’S Sporting Goods is headquartered in Coraopolis, Pennsylvania. The company engages in the retailing of a wide range of authentic sports equipment, apparel, footwear, and accessories, offering its products both online and through mobile applications.
As the company navigates the mixed analyst ratings and increased institutional interest, investors will be closely watching DICK’S Sporting Goods’ performance in the coming quarters to determine its future trajectory in the market.
