PNC Financial Services Group Inc. Raises Stake in DICK'S Sporting Goods, Inc. $DKS
PNC Financial Services Group Inc. increased its stake in DICK'S Sporting Goods, Inc. by 44.6% in the third quarter, bringing its total holdings to $7,682,000. Other institutional investors also adjusted their positions, with notable new purchases from Atreides Management LP, Norges Bank, Browning West LP, and Marshall Wace LLP. Analysts maintain a "Moderate Buy" consensus rating for DKS, with an average price target of $238.37.
April 17th Options Now Available For Dick's Sporting Goods (DKS)
New options contracts for Dick's Sporting Goods (DKS) with an April 17th expiration are now trading. Using its YieldBoost formula, Stock Options Channel identified a put contract at a $200.00 strike price and a call contract at a $210.00 strike price as being of particular interest to investors. The article details potential investment strategies and returns associated with these contracts, taking into account current stock pricing and implied volatilities.
DICK'S Sporting Goods, Inc. (NYSE:DKS) Given Consensus Rating of "Moderate Buy" by Brokerages
DICK'S Sporting Goods (NYSE:DKS) has received a "Moderate Buy" consensus rating from 21 brokerages, with an average 12-month price target of $238.37. The company recently reported Q4 Adjusted EPS of $2.78, beating estimates, but revenue of $4.17 billion missed expectations. Institutional investors hold approximately 89.8% of the company's shares.
Dick's Sporting price buoyed by pivotal resistance - Forecast today - 18-02-2026
DKS stock displayed some positive momentum after holding above a key support level of $197.55, but technical indicators suggest continued bearish pressure. Trading below its 50-day SMA and a short-term bearish trend line, the stock is expected to decline further, especially if it breaks the support, targeting $186.00. The forecast for Dick's Sporting remains bearish for upcoming intraday trading.
DICK'S Sporting Goods, Inc. $DKS Shares Sold by Illinois Municipal Retirement Fund
The Illinois Municipal Retirement Fund reduced its stake in DICK'S Sporting Goods (NYSE:DKS) by 31.8% in Q3, selling 5,962 shares but still holding 12,792 shares valued at $2.843 million. Despite institutional investors owning 89.83% of the stock, the company recently reported Q-quarter EPS of $2.78, beating estimates, but missed revenue forecasts at $4.17 billion. DICK'S Sporting Goods also announced a quarterly dividend of $1.2125, contributing to an annual yield of 2.4%, and analysts maintain a consensus "Moderate Buy" rating with an average target price of $238.37.
Rhumbline Advisers Purchases 25,561 Shares of DICK'S Sporting Goods, Inc. $DKS
Rhumbline Advisers has increased its stake in DICK'S Sporting Goods, Inc. by 16.7%, now owning 179,016 shares valued at $39.78 million. Institutional investors collectively own 89.83% of the company. The company reported an EPS beat of $2.78 against an estimate of $2.62, with 36.3% year-over-year revenue growth, and it pays an annualized dividend of $4.85.
Envestnet Asset Management Inc. Has $31.62 Million Stake in DICK'S Sporting Goods, Inc. $DKS
Envestnet Asset Management Inc. significantly increased its stake in DICK'S Sporting Goods (DKS) by 25.5%, bringing its total holding to 142,304 shares valued at $31.62 million. Institutional investors now own nearly 90% of the company. Despite missing revenue forecasts, DICK'S Sporting Goods beat EPS estimates and announced a quarterly dividend, maintaining a "Hold" consensus rating among analysts.
EXEC: Dick’s SG Scores Upgrade from Baird, Eyes Strong Foot Locker Recovery Potential
Baird has upgraded Dick's Sporting Goods (DKS) to "Outperform" from "Neutral," raising its price target to $253. The upgrade is driven by Dick's strong productivity gains, continued market share growth potential in the U.S. sporting goods market, and bullish sentiment regarding the multi-year recovery of the recently acquired Foot Locker business. Analyst Jonathan Komp highlights Dick's effective merchandising, in-store experiences, and ongoing expansion of its House of Sport and Field House concepts.
Dick's Sporting Goods gains after Baird turns bullish on Foot Locker upside (DKS:NYSE)
Baird upgraded Dick's Sporting Goods (DKS) to an Outperform rating from Neutral, citing significant revenue growth since the pre-pandemic period. This positive outlook by Baird has driven DKS shares higher in early trading on Wednesday.
Alps Advisors Inc. Grows Holdings in DICK'S Sporting Goods, Inc. $DKS
Alps Advisors Inc. increased its stake in DICK'S Sporting Goods, Inc. (DKS) by 38.5% in the third quarter, bringing its total holdings to 27,221 shares valued at approximately $6.05 million. Other hedge funds also adjusted their positions in the company. DICK'S Sporting Goods reported Q3 EPS of $2.78, beating estimates, but missed revenue expectations with $4.17 billion.
BI Asset Management Fondsmaeglerselskab A S Acquires 5,953 Shares of DICK'S Sporting Goods, Inc. $DKS
BI Asset Management Fondsmaeglerselskab A S has increased its stake in DICK'S Sporting Goods, Inc. by 34.0%, acquiring an additional 5,953 shares to hold a total of 23,446 shares valued at approximately $5.21 million. This comes as DICK'S Sporting Goods reported an EPS beat of $2.78 against expectations of $2.62, though revenue of $4.17 billion missed estimates. The company also announced a quarterly dividend of $1.2125 per share and carries a consensus "Hold" rating from analysts with a target price of $236.95.
Allianz Asset Management GmbH Raises Holdings in DICK'S Sporting Goods, Inc. $DKS
Allianz Asset Management GmbH significantly increased its stake in DICK'S Sporting Goods by 89% in the third quarter of 2025, bringing its total holdings to 120,712 shares valued at approximately $26.83 million. Other large institutional investors also either established new positions or expanded existing ones in the sporting goods retailer, with institutional ownership now standing at around 89.83%. Despite missing revenue expectations, DICK'S Sporting Goods reported strong Q3 EPS of $2.78, beating analyst estimates by $0.16, and provided positive FY2025 EPS guidance, while offering a dividend yield of approximately 2.3%.
DICK'S Sporting Goods, Inc. Fourth Quarter Results Call Scheduled for March 12th
DICK'S Sporting Goods, Inc. (NYSE: DKS) announced that it will release its fourth quarter and full year 2025 financial results before the market opens on Thursday, March 12th. The company will host a conference call to discuss these results on the same day at 10:00 a.m. Eastern Time, which will be webcast on its Investor Relations website.
DICK'S Sporting Goods, Inc. Fourth Quarter Results Call Scheduled for March 12th
DICK'S Sporting Goods, Inc. (NYSE: DKS) will release its financial results for the fourth quarter and full year 2025 before the market opens on Thursday, March 12th. The company will host a conference call and webcast on the same day at 10:00 a.m. Eastern Time to discuss the results, which will be accessible via their Investor Relations website. This announcement highlights the upcoming financial report and the availability of a public call for investors and interested parties.
DICK'S Sporting Goods, Inc. Fourth Quarter Results Call Scheduled for March 12th
DICK'S Sporting Goods, Inc. (NYSE: DKS) will announce its fourth quarter and full-year 2025 results on Thursday, March 12th, before the market opens. The company will host a conference call at 10:00 a.m. Eastern Time that day to discuss the results. Interested parties can access the webcast of the call on DICK'S Sporting Goods' Investor Relations website.
Ben Griffin extends Maxfli golf ball deal, debuts new model
Maxfli, a DICK'S Sporting Goods brand, has extended its partnership with three-time PGA Tour winner Ben Griffin through 2028. Griffin, ranked 9th globally, will continue to exclusively play Maxfli Tour X balls and will debut the new Tour X-LS at the WM Phoenix Open. This expansion aligns with DICK'S strategy of leveraging athletes to promote its private label brands and will see the new Tour X-LS golf ball sold in limited quantities at DICK'S Sporting Goods and Golf Galaxy.
DICK'S Sporting Goods Launches DICK'S Team USA Ambassadors Program to Celebrate Team USA at the Milano Cortina 2026 Winter Games
DICK'S Sporting Goods has launched the DICK'S Team USA Ambassadors program, featuring nine Olympic and Paralympic athletes, to celebrate Team USA ahead of the Milano Cortina 2026 Winter Games. This initiative includes a $10,000 Sports Matter grant from The DICK'S Sporting Goods Foundation for a youth sports organization chosen by each ambassador, with an additional $10,000 for medalists. The program is supported by a new marketing ad, "Every Season," emphasizing the brand's commitment to athletes at all stages.
Federated Hermes Inc. Cuts Stock Holdings in DICK'S Sporting Goods, Inc. $DKS
Federated Hermes Inc. significantly reduced its stake in DICK'S Sporting Goods by 42.8% in Q3, selling over 36,000 shares but still retaining a substantial holding valued at approximately $10.85 million. Other institutional investors made various adjustments to their positions in the company, with Guggenheim Capital LLC, Vontobel Holding Ltd., and PFG Investments LLC among those increasing their holdings. DICK'S Sporting Goods reported Q3 EPS of $2.78, beating estimates, and announced a quarterly dividend of $1.2125, while analysts maintain a "Hold" consensus rating with a target price of $236.95.
DICK'S Sporting Goods, Inc. $DKS Shares Sold by Great Lakes Advisors LLC
Great Lakes Advisors LLC significantly reduced its stake in DICK'S Sporting Goods (NYSE: DKS) in the third quarter of 2025, selling 76.8% of its shares. Despite this, other institutional investors, including Atreides Management and Norges Bank, increased their holdings, with institutional ownership of DKS stock reaching 89.83%. Analysts generally maintain a "Hold" rating for DKS, with an average price target of $236.95, following solid earnings results and guidance for FY2025.
HALPER SADEH LLC ENCOURAGES DICK'S SPORTING GOODS, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Halper Sadeh LLC, an investor rights law firm, is investigating whether officers and directors of Dick's Sporting Goods, Inc. (NYSE: DKS) breached their fiduciary duties to shareholders. The firm encourages long-term shareholders to contact them to discuss potential rights, including seeking corporate governance reforms, fund recovery, or financial incentive awards. Halper Sadeh LLC offers to handle these actions on a contingent fee basis, emphasizing that shareholder participation can lead to improved company policies and enhanced shareholder value.
HALPER SADEH LLC ENCOURAGES DICK'S SPORTING GOODS, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Dick's Sporting Goods, Inc. (NYSE: DKS) have breached their fiduciary duties to shareholders. The firm encourages long-term shareholders to contact them to discuss potential corporate governance reforms, recovery of funds, or other benefits. Shareholder involvement is emphasized as a means to improve company policies and enhance shareholder value.
HALPER SADEH LLC ENCOURAGES DICK'S SPORTING GOODS, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Dick's Sporting Goods, Inc. (DKS) breached their fiduciary duties to shareholders. The firm encourages long-term shareholders to contact them to discuss potential corporate governance reforms, recovery of funds, or other benefits. Shareholder participation is highlighted as a way to improve company policies and enhance shareholder value.
DICK'S Sporting Goods, Inc. $DKS Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp significantly decreased its stake in DICK'S Sporting Goods (DKS) by 52.1% in Q3, selling over 32,000 shares. This move leaves the firm with holdings valued at $6.55 million in DKS. Despite this, other institutional investors have recently bought or increased their stakes in the company, while analysts maintain a consensus "Hold" rating with a target price of $236.95.
DICK'S Sporting Goods Launches DICK'S Team USA Ambassadors Program to Celebrate Team USA Heading to the Olympic and Paralympic Winter Games Milano Cortina 2026 – Company Announcement - FT.com
DICK'S Sporting Goods has launched the DICK'S Team USA Ambassadors program ahead of the Olympic and Paralympic Winter Games Milano Cortina 2026, featuring nine athletes who will share their preparation journeys. As part of the program, each ambassador will select a youth sports organization to receive a $10,000 Sports Matter grant, with an additional $10,000 grant if they win a medal. The initiative aims to connect fans with Team USA athletes and support youth sports through The DICK'S Sporting Goods Foundation.
DICK'S Sporting Goods Launches DICK'S Team USA Ambassadors Program to Celebrate Team USA Heading to the Olympic and Paralympic Winter Games Milano Cortina 2026
DICK'S Sporting Goods (NYSE: DKS) has launched the DICK'S Team USA Ambassadors program to celebrate and support Olympic and Paralympic athletes ahead of the Milano Cortina 2026 Winter Games. The program features nine Team USA athletes who will share their journeys and receives personalized product gifting. Additionally, each ambassador will select a youth sports organization to receive a $10,000 Sports Matter grant, with an additional grant awarded if they medal.
Olympians team with DICK'S to fund youth sports and show Milano prep
DICK'S Sporting Goods launched its Team USA Ambassadors program on January 28, 2026, featuring nine Olympic and Paralympic athletes ahead of the Milano Cortina 2026 Winter Games. These ambassadors will share their preparation and competition experiences, and each will designate a youth sports organization to receive a $10,000 Sports Matter grant, with an additional $10,000 awarded if an athlete medals. The initiative aims to support youth sports and engage fans through exclusive content and community contributions.
DICK'S Sporting Goods Launches DICK'S Team USA Ambassadors Program to Celebrate Team USA Heading to the Olympic and Paralympic Winter Games Milano Cortina 2026
DICK'S Sporting Goods has launched the DICK'S Team USA Ambassadors program to support and celebrate Olympic and Paralympic athletes ahead of the Milano Cortina 2026 Winter Games. This program includes nine Team USA athletes who will share behind-the-scenes content of their training and receive personalized product gifting. Additionally, each ambassador will select a youth sports organization to receive a $10,000 Sports Matter grant, with an additional $10,000 made available if they medal.
DICK'S Sporting Goods Launches DICK'S Team USA Ambassadors Program to Celebrate Team USA Heading to the Olympic and Paralympic Winter Games Milano Cortina 2026
DICK'S Sporting Goods has announced the DICK'S Team USA Ambassadors program to support and celebrate Olympic and Paralympic athletes ahead of the Milano Cortina 2026 Winter Games. Nine athletes are featured, who will share behind-the-scenes content and receive personalized product gifting. Additionally, each ambassador will designate a youth sports organization to receive a $10,000 Sports Matter grant from The DICK'S Sporting Goods Foundation, with an additional $10,000 if they earn a medal.
Retirement Systems of Alabama Purchases 15,174 Shares of DICK'S Sporting Goods, Inc. $DKS
Retirement Systems of Alabama increased its stake in DICK'S Sporting Goods (DKS) by 18.0% in Q3, now holding 99,322 shares worth approximately $22.07 million. The sporting goods retailer reported Q3 EPS of $2.78, beating consensus, but missed revenue expectations with $4.17 billion. Wall Street analysts currently give DKS a consensus "Hold" rating with an average target price of $239.10.
Strs Ohio Grows Stake in DICK'S Sporting Goods, Inc. $DKS
Strs Ohio significantly increased its stake in DICK'S Sporting Goods (DKS) by 87.8% in Q3, now owning 16,513 shares worth $3.67 million. This move comes as institutional investors collectively own nearly 90% of the stock. DICK'S recently reported better-than-expected EPS of $2.78, though revenue of $4.17 billion missed estimates, and analysts currently hold a consensus "Hold" rating with a target price of $239.10.
DICK'S Sporting Goods, Inc. (NYSE:DKS) Given Average Recommendation of "Hold" by Brokerages
DICK'S Sporting Goods, Inc. (NYSE:DKS) has received a consensus "Hold" rating from twenty-two research firms, with an average 12-month price target of $239.10. The company recently reported Q2 EPS of $2.78, beating estimates, but revenue of $4.17 billion missed expectations. The stock currently trades around $206, has a market cap of $18.55 billion, and pays an annualized dividend of $4.85, yielding 2.4%.
36,552 Shares in DICK'S Sporting Goods, Inc. $DKS Acquired by Rakuten Investment Management Inc.
Rakuten Investment Management Inc. has acquired a new stake of 36,552 shares, valued at approximately $8.12 million, in DICK'S Sporting Goods in the third quarter. This move is part of broader institutional interest, with other major investors also increasing their positions, leading to institutional ownership of about 89.83%. The announcement follows the company's recent earnings beat with $2.78 EPS, although revenue lagged consensus, and it includes details on DKS's financial performance, dividend, and analyst ratings.
DICK'S Raises 2025 Outlook: Sustainable or Short-Term Boost?
DICK'S Sporting Goods (DKS) delivered a strong third-quarter fiscal 2025 performance, reporting 5.7% comparable sales growth and marking its seventh consecutive quarter of comps above 4%. This consistent strength led the company to raise its fiscal 2025 outlook for comps growth to 3.5%-4% and earnings per share to $14.25-$14.55, driven by strategic investments in store formats and digital channels. While the acquired Foot Locker business is expected to pressure Q4 margins, management emphasized that the raised guidance excludes Foot Locker, focusing on the standalone DICK'S model’s repeatable fundamentals.
Goldman Sachs Adds Dick's Sporting Goods (DKS) to US Conviction List After Foot Locker Deal
Goldman Sachs has added DICK’S Sporting Goods (DKS) to its US Conviction List, maintaining a Buy rating and a $285 price target, following Dick's acquisition of Foot Locker. Despite recent missed Q3 profit estimates and anticipated charges related to Foot Locker's restructuring, Goldman Sachs believes the acquisition positions Dick's to "resuscitate" the sneaker category. The restructuring involves store closures and inventory cleanup, which are expected to result in significant pre-tax charges for Dick's Sporting Goods.
Goldman Sachs Adds Dick’s Sporting Goods (DKS) to US Conviction List After Foot Locker Deal
Goldman Sachs has added DICK’S Sporting Goods (DKS) to its US Conviction List, maintaining a Buy rating and a $285 price target, primarily due to its acquisition of Foot Locker. Despite this optimism, Dick's is navigating a challenging integration of Foot Locker, which includes significant charges of up to $750 million for store closures and inventory cleanup, leading to missed Q3 profit estimates. The firm believes Dick's acquisition places it at the forefront of revitalizing the sneaker category, even as Foot Locker faces ongoing pressure from declining mall traffic and Nike's direct-to-consumer sales strategy.
Sumitomo Mitsui Trust Group Inc. Grows Stock Position in DICK'S Sporting Goods, Inc. $DKS
Sumitomo Mitsui Trust Group Inc. increased its stake in DICK'S Sporting Goods (DKS) by 10.4% in Q3 2025, now owning 140,094 shares valued at $31.13 million. Institutional ownership of DKS is high at 89.83%, with several major hedge funds also recently increasing their positions. Analyst ratings are mixed, with a consensus "Hold" and an average price target of $236.14, although earnings have recently beaten estimates despite a revenue miss.
Kerusso Capital Management LLC Has $3.51 Million Position in DICK'S Sporting Goods, Inc. $DKS
Kerusso Capital Management LLC significantly increased its stake in DICK'S Sporting Goods (NYSE:DKS) by 105.9% in Q3, now owning 15,773 shares valued at approximately $3.51 million, making it their 18th largest holding. This move comes as DICK'S reported Q3 EPS of $2.78, beating consensus, despite a revenue miss. The article highlights strong institutional ownership at 89.83% and an average analyst "Hold" rating with a $236.14 price target, while also detailing other institutional investments and the company's recent dividend declaration.
Halper Sadeh LLC Encourages Dick’s Sporting Goods, Inc. Shareholders to Contact the Firm to Discuss Their Rights
Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Dick’s Sporting Goods, Inc. (NYSE: DKS) breached their fiduciary duties to shareholders. The firm encourages current, long-term shareholders to contact them to discuss legal options, including corporate governance reforms, return of funds to the company, or financial incentives. Halper Sadeh LLC offers contingent fee arrangements, emphasizing that shareholder involvement can improve company policies and enhance shareholder value.
Manning & Napier Advisors LLC Reduces Holdings in DICK'S Sporting Goods, Inc. $DKS
Manning & Napier Advisors LLC significantly reduced its stake in DICK'S Sporting Goods (DKS) by 45.8% in the third quarter of 2025, selling over 13,000 shares. Despite this reduction by one institutional investor, other firms like Guggenheim Capital LLC, Vontobel Holding Ltd., and PFG Investments LLC increased their holdings. DICK'S Sporting Goods recently surpassed quarterly EPS estimates and provided positive FY2025 guidance, though its revenue for the quarter was below expectations.
Halper Sadeh LLC Encourages Dick’s Sporting Goods, Inc. Shareholders to Contact the Firm to Discuss Their Rights
Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Dick’s Sporting Goods, Inc. (NYSE: DKS) breached their fiduciary duties to shareholders. The firm encourages long-term shareholders to contact them to discuss potential legal rights and options, including seeking corporate governance reforms or financial incentives. Halper Sadeh LLC handles these actions on a contingent fee basis, emphasizing that shareholder involvement can improve company policies and enhance shareholder value.
DICK'S Sporting Goods, Inc. $DKS Shares Sold by Nordea Investment Management AB
Nordea Investment Management AB reduced its stake in DICK'S Sporting Goods (DKS) by 4.2% in Q3 2025, selling 11,647 shares, but still holds 266,955 shares valued at approximately $58.05 million. Despite beating Q3 EPS estimates with $2.78, the company missed revenue expectations at $4.17 billion and has set its FY2025 guidance at $14.25–$14.55 EPS. Analysts maintain a "Hold" rating with a consensus price target of $235.81, while the stock currently trades around $209.
Dick's Sporting Goods (DKS) Dips More Than Broader Market: What You Should Know
Dick's Sporting Goods (DKS) shares fell 3.01% in the recent trading session, underperforming the broader market. The company is expected to release its upcoming earnings report with anticipated EPS of $3.49 and revenue of $6.1 billion. DKS currently holds a Zacks Rank of #3 (Hold) and trades at a Forward P/E of 16.43, a discount to its industry average.
New York State Teachers Retirement System Raises Position in DICK'S Sporting Goods, Inc. $DKS
The New York State Teachers Retirement System has increased its stake in DICK'S Sporting Goods (DKS) by 14% to 73,015 shares, valued at approximately $16.23 million. This comes as DICK'S Sporting Goods reported strong Q3 EPS of $2.78, beating estimates, despite revenue missing consensus, and provided FY2025 EPS guidance of $14.25–$14.55. Analysts currently maintain an average "Hold" rating for DKS, with a consensus price target of $235.81, and the stock offers a 2.3% dividend yield.
Dick’s Sporting Goods Chairman Ed Stack on House of Sport, Corporate Culture and Fixing Foot Locker
Dick's Sporting Goods Chairman Ed Stack discussed the expansion of their experiential House of Sport concept, the unique corporate culture driving employee success, and the strategic acquisition and turnaround plan for Foot Locker. He highlighted the importance of innovation and value for consumers, the "Left Tackle" culture at Dick's, and the company's commitment to youth sports through the Sports Matter Foundation.
Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Holdings in DICK'S Sporting Goods, Inc. $DKS
Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in DICK'S Sporting Goods, Inc. by 13.0% in Q3, bringing its total holdings to 142,028 shares valued at $32.36 million. DICK'S Sporting Goods reported Q3 EPS of $2.78, beating estimates, but revenue fell short. The company has a consensus "Hold" rating from analysts with a target price of $235.10 and offers a 2.2% dividend yield, with institutional ownership at 89.83%.
26,554 Shares in DICK'S Sporting Goods, Inc. $DKS Purchased by Broad Peak Investment Advisers Pte Ltd
Broad Peak Investment Advisers Pte Ltd recently acquired 26,554 shares of DICK'S Sporting Goods (DKS) valued at approximately $5.9 million, making it their 13th largest position. This comes as DICK'S Sporting Goods reported strong Q3 EPS that beat estimates, though revenue was slightly below consensus. Analysts have a mixed view on DKS, with a consensus "Hold" rating and a target price of $235.10.
Robeco Institutional Asset Management B.V. Has $4.97 Million Position in DICK'S Sporting Goods, Inc. $DKS
Robeco Institutional Asset Management B.V. significantly reduced its stake in DICK'S Sporting Goods (DKS) by 19.4% in the third quarter, now holding 22,354 shares valued at $4.97 million. Despite beating EPS estimates of $2.78, the company's revenue of $4.17 billion missed expectations, leading to a "Hold" consensus rating from analysts with an average price target of $235.10. DICK'S Sporting Goods, which has approximately 89.8% institutional ownership, announced a quarterly dividend of $1.2125 per share, yielding about 2.2%.
KLP Kapitalforvaltning AS Raises Stock Holdings in DICK'S Sporting Goods, Inc. $DKS
KLP Kapitalforvaltning AS increased its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS) by 24.1% in the third quarter, holding 26,300 shares valued at approximately $5.84 million. Other institutional investors also made significant moves, with Norges Bank acquiring a new $136.48 million stake and Lancaster Investment Management a $31.55 million position. The company reported Q3 EPS of $2.78, beating estimates, but revenue of $4.17 billion, below analyst expectations, and announced an annualized dividend of $4.85.
Here's Why DICK'S Sporting Goods (NYSE:DKS) Can Manage Its Debt Responsibly
DICK'S Sporting Goods (NYSE:DKS) has a manageable debt level, despite an increase in debt to US$1.90b from US$1.48b a year ago, with net debt at US$1.08b after accounting for US$821.3m in cash. The company's net debt is only 0.57 times its EBITDA, and its EBIT covers its interest expense 16.6 times, indicating a strong ability to service its debt. Although the company faces significant total liabilities and a recent EBIT drop of 3.1%, its large market capitalization of US$18.9b suggests it could raise cash if needed, and its interest coverage remains robust.
DICK'S Sporting Goods, Inc. $DKS is HS Management Partners LLC's 7th Largest Position
HS Management Partners LLC significantly reduced its stake in DICK'S Sporting Goods (DKS) by 51.6% in Q3, making it their 7th largest holding. Despite this, institutional ownership remains high at nearly 90%, with other hedge funds increasing their positions. DICK'S Sporting Goods beat Q3 EPS expectations but missed on revenue, setting its FY2025 EPS guidance, while analysts remain divided on the stock's future.
