Ceredex Value Advisors LLC Takes Position in DICK’S Sporting Goods, Inc. $DKS

Ceredex Value Advisors LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, Holdings Channel reports. The institutional investor bought 94,375 shares of the sporting goods retailer’s stock, valued at approximately $21,405,000.

Several other hedge funds also recently modified their holdings of DKS. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $30,000. Harbor Investment Advisory LLC bought a new position in DICK’S Sporting Goods in the 1st quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the fourth quarter worth $34,000. Elyxium Wealth LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at about $35,000. Finally, SHP Wealth Management acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $180.03 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $214.68 and its two-hundred day moving average price is $211.55. The firm has a market capitalization of $16.11 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1 year low of $176.07 and a 1 year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its 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). 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 during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the business posted $3.37 earnings per share. The company’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. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.8%. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of recent research reports. BTIG Research restated a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Wells Fargo & Company raised DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $220.00 to $240.00 in a research note on Monday, August 10th. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. DA Davidson reiterated a “buy” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Monday. Finally, JPMorgan Chase & Co. raised shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $258.44.

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.