DICK’S Sporting Goods, Inc. $DKS Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,265 shares of the sporting goods retailer’s stock after selling 3,017 shares during the period. OLD National Bancorp IN’s holdings in DICK’S Sporting Goods were worth $5,200,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $30,000. Clearstead Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after acquiring an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth approximately $33,000. Westside Investment Management Inc. boosted its stake in shares of DICK’S Sporting Goods by 100.0% in the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after acquiring an additional 76 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth approximately $39,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $224.30 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $167.03 and a 52 week high of $237.31. The business’s fifty day simple moving average is $203.26 and its 200-day simple moving average is $210.30. The firm has a market cap of $19.97 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 3.24 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the prior year, the company posted $3.62 EPS. The company’s quarterly revenue was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 14.29 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a $1.25 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Friday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio is currently 48.92%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DKS. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $210.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Friday, March 27th. Truist Financial lowered their price objective on DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Finally, DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $241.89.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.