Redstone Wealth Management LLC Invests $436,000 in DICK’S Sporting Goods, Inc. $DKS

Redstone Wealth Management LLC bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,200 shares of the sporting goods retailer’s stock, valued at approximately $436,000. DICK’S Sporting Goods accounts for about 0.3% of Redstone Wealth Management LLC’s holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DKS. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $30,000. Clearstead Advisors LLC grew its position in DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC purchased a new stake in DICK’S Sporting Goods during the 3rd quarter valued at about $33,000. Laurel Wealth Advisors LLC purchased a new stake in DICK’S Sporting Goods during the 4th quarter valued at about $34,000. Finally, Westside Investment Management Inc. grew its position in DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $231.25 on Monday. The firm’s 50 day moving average price is $210.05 and its 200-day moving average price is $209.43. DICK’S Sporting Goods, Inc. has a twelve month low of $167.03 and a twelve month high of $237.31. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $20.59 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 3.29 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping 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 firm 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 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 research analysts expect that DICK’S Sporting Goods, Inc. will post 14.25 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed 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 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 (DPR) is currently 48.92%.

Wall Street Analyst Weigh In

Several analysts recently commented on DKS shares. Morgan Stanley cut their price objective on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $228.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company cut their price objective on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Finally, BTIG Research reissued a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.72.

Insider Activity at DICK’S Sporting Goods

In other 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 value of $925,538.40. Following the transaction, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the chairman owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 28.91% of the stock is owned by corporate insiders.

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.