5,500 Shares in DICK’S Sporting Goods, Inc. $DKS Purchased by Pensionfund Sabic

Pensionfund Sabic acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,500 shares of the sporting goods retailer’s stock, valued at approximately $1,089,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC raised its stake in DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the third quarter worth $33,000. Westside Investment Management Inc. grew 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. Mather Group LLC. bought a new position in shares of DICK’S Sporting Goods during the third quarter valued at $39,000. Finally, Cornerstone Planning Group LLC raised its position in shares of DICK’S Sporting Goods by 7,000.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 213 shares of the sporting goods retailer’s stock worth $47,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Truist Financial reduced their price target on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $210.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.21.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $193.92 on Thursday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $237.31. The business has a 50-day simple moving average of $202.45 and a two-hundred day simple moving average of $212.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.76 and a beta of 1.23.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the prior year, the business earned $3.62 EPS. The business’s revenue for the quarter was up 59.9% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given 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 is Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

DICK’S Sporting Goods 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.