Elevation Point Wealth Partners LLC Purchases Shares of 11,986 DICK’S Sporting Goods, Inc. $DKS

Elevation Point Wealth Partners LLC acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,986 shares of the sporting goods retailer’s stock, valued at approximately $2,719,000.

Several other large investors have also modified their holdings of the company. Brown Advisory Inc. raised its holdings in DICK’S Sporting Goods by 9.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after acquiring an additional 100 shares during the period. Cerity Partners LLC boosted its holdings in DICK’S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after acquiring an additional 562 shares during the period. Bank of Nova Scotia bought a new stake in DICK’S Sporting Goods during the second quarter valued at about $417,000. Daiwa Securities Group Inc. grew its position in shares of DICK’S Sporting Goods by 9.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock valued at $1,182,000 after purchasing an additional 531 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of DICK’S Sporting Goods by 4.4% in the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock valued at $584,000 after purchasing an additional 124 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $183.23 on Monday. DICK’S Sporting Goods, Inc. has a twelve month low of $176.07 and a twelve month high of $244.38. The stock has a market cap of $16.40 billion, a PE ratio of 17.42, a PEG ratio of 1.60 and a beta of 1.21. The firm has a 50-day simple moving average of $213.93 and a 200 day simple moving average of $211.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company’s revenue was up 62.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley increased their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research report on Thursday, May 28th. Barclays increased their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.44.

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.