D.B. Root & Company LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,957 shares of the sporting goods retailer’s stock, valued at approximately $6,114,000. DICK’S Sporting Goods makes up about 1.3% of D.B. Root & Company LLC’s investment portfolio, making the stock its 13th largest holding.
Several other institutional investors have also recently made changes to their positions in DKS. State of Wyoming bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $1,348,000. Financial Synergies Wealth Advisors Inc. acquired a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $1,446,000. Principal Financial Group Inc. boosted its holdings in DICK’S Sporting Goods by 56.3% in the fourth quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer’s stock worth $99,597,000 after acquiring an additional 181,223 shares in the last quarter. Norges Bank bought a new position in DICK’S Sporting Goods in the fourth quarter worth approximately $192,639,000. Finally, SCS Capital Management LLC grew its stake in DICK’S Sporting Goods by 10.6% in the fourth quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock valued at $14,080,000 after acquiring an additional 6,837 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on DKS. Truist Financial upped their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Barclays lifted their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Robert W. Baird set a $264.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Finally, Telsey Advisory Group raised their price objective on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $258.44.
DICK’S Sporting Goods Stock Performance
Shares of DKS stock opened at $183.23 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The firm has a 50-day moving average of $213.93 and a 200-day moving average of $211.41. DICK’S Sporting Goods, Inc. has a one year low of $176.07 and a one year high of $244.38. The company has a market cap of $16.40 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.60 and a beta of 1.21.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter last year, the firm posted $3.37 earnings per share. The firm’s revenue for the quarter was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.
DICK’S Sporting Goods Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.
DICK’S Sporting Goods Company Profile
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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