State of Wyoming acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 5,944 shares of the sporting goods retailer’s stock, valued at approximately $1,348,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. Harbor Investment Advisory LLC purchased a new stake in DICK’S Sporting Goods in the 1st quarter valued at approximately $30,000. Laurel Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at $34,000. Elyxium Wealth LLC purchased a new position in DICK’S Sporting Goods during the fourth quarter worth $35,000. Finally, SHP Wealth Management acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $38,000. Institutional investors and hedge funds own 89.83% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on DKS shares. Jefferies Financial Group increased their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Barclays boosted their target price on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and upped their target price for the company from $240.00 to $270.00 in a report on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.44.
DICK’S Sporting Goods Price Performance
Shares of DICK’S Sporting Goods stock opened at $202.24 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $186.67 and a twelve month high of $244.38. The stock has a market capitalization of $18.10 billion, a P/E ratio of 19.22, a PEG ratio of 1.76 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average price is $216.95 and its 200 day moving average price is $211.91.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. DICK’S Sporting Goods’s revenue was up 62.7% on a year-over-year basis. During the same period last year, the firm posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.
DICK’S Sporting Goods Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.
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.
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