Danske Bank A S Takes $4.97 Million Position in DICK’S Sporting Goods, Inc. $DKS

Danske Bank A S purchased a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 21,918 shares of the sporting goods retailer’s stock, valued at approximately $4,971,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DKS. Diversify Advisory Services LLC acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at $663,000. Foster & Motley Inc. acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $4,081,000. HS Management Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $13,553,000. MidFirst Bank acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $400,000. Finally, BlackRock Inc. acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $1,501,321,000. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DKS. BTIG Research reissued a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Jefferies Financial Group upped their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. UBS Group upgraded DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research note on Monday, August 10th. Telsey Advisory Group upped their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Finally, Morgan Stanley boosted their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Stock Up 2.2%

DKS opened at $183.23 on Friday. The firm has a 50-day simple moving average of $213.93 and a two-hundred day simple moving average of $211.35. DICK’S Sporting Goods, Inc. has a 52 week low of $176.07 and a 52 week high of $244.38. The company has a market capitalization of $16.40 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the previous year, the company posted $3.37 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share 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 given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 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.