Castle Hook Partners LP Sells 31,849 Shares of DICK’S Sporting Goods, Inc. $DKS

Castle Hook Partners LP lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 588,331 shares of the sporting goods retailer’s stock after selling 31,849 shares during the quarter. DICK’S Sporting Goods makes up 0.5% of Castle Hook Partners LP’s portfolio, making the stock its 25th biggest position. Castle Hook Partners LP’s holdings in DICK’S Sporting Goods were worth $116,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $30,000. Clearstead Advisors LLC raised its holdings in shares of 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 acquiring an additional 46 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth $35,000. Finally, Newbridge Financial Services Group Inc. bought a new position in DICK’S Sporting Goods in the fourth quarter worth $40,000. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the sale, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 28.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DKS shares. Barclays increased their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. DA Davidson reiterated a “buy” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Jefferies Financial Group increased their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Finally, Morgan Stanley increased their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $253.89.

DICK’S Sporting Goods Price Performance

DKS opened at $224.61 on Thursday. DICK’S Sporting Goods, Inc. has a 12-month low of $170.73 and a 12-month high of $237.75. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The stock has a fifty day simple moving average of $220.52 and a two-hundred day simple moving average of $210.53. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the company posted $3.37 earnings per share. The company’s revenue was up 62.7% on a year-over-year basis. 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 14.23 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 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.