3,164 Shares in DICK’S Sporting Goods, Inc. $DKS Bought by Legato Capital Management LLC

Legato Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,164 shares of the sporting goods retailer’s stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Advisors LLC raised its position in shares of 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 acquiring an additional 46 shares during the last quarter. Lido Advisors LLC raised its position in shares of DICK’S Sporting Goods by 3.9% during the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after acquiring an additional 51 shares during the last quarter. Bath Savings Trust Co raised its position in shares of DICK’S Sporting Goods by 0.4% during the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock valued at $2,448,000 after acquiring an additional 53 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of DICK’S Sporting Goods by 0.3% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock valued at $3,258,000 after acquiring an additional 54 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of DICK’S Sporting Goods by 36.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the sporting goods retailer’s stock valued at $52,000 after acquiring an additional 63 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DKS. Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Morgan Stanley decreased their price target on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, March 13th. BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 13th. Finally, Barclays boosted their price target on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $246.72.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $235.40 on Wednesday. The firm has a market cap of $20.96 billion, a PE ratio of 23.03, a PEG ratio of 3.29 and a beta of 1.21. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 1-year low of $168.79 and a 1-year high of $237.75. The company has a fifty day moving average price of $211.59 and a 200 day moving average price of $209.65.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts predict that DICK’S Sporting Goods, Inc. will post 14.25 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 48.92%.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction on Friday, April 17th. The stock was 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 directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.91% of the stock is currently owned by corporate insiders.

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.