DICK’S Sporting Goods, Inc. $DKS Stake Lessened by Foster & Motley Inc.

Foster & Motley Inc. lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,774 shares of the sporting goods retailer’s stock after selling 3,315 shares during the quarter. Foster & Motley Inc.’s holdings in DICK’S Sporting Goods were worth $4,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in DICK’S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after purchasing an additional 3,030,642 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after buying an additional 3,013,850 shares in the last quarter. Viking Global Investors LP bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $509,371,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at $192,639,000. Finally, Atreides Management LP acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $172,715,000. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of a number of research analyst reports. Telsey Advisory Group lifted their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. Jefferies Financial Group raised their target price on shares of 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, Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $237.44 on Friday. The stock’s 50-day moving average price is $223.66 and its two-hundred day moving average price is $211.27. 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 company has a market cap of $21.25 billion, a PE ratio of 22.57, a PEG ratio of 2.07 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 1 year low of $186.32 and a 1 year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its 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). The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, analysts predict that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.53%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares of the company’s stock, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of the 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 sale, the chairman owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 28.91% of the company’s stock.

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.