Foster & Motley Inc. Buys New Stake in DICK’S Sporting Goods, Inc. $DKS

Foster & Motley Inc. purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,992 shares of the sporting goods retailer’s stock, valued at approximately $4,081,000.

A number of other institutional investors also recently bought and sold shares of DKS. Harbor Investment Advisory LLC acquired a new position in DICK’S Sporting Goods in the first quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $30,000. Laurel Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $34,000. Elyxium Wealth LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $35,000. Finally, SHP Wealth Management acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at about $38,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $220.00 to $240.00 in a research note on Monday, August 10th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a report on Thursday, May 28th. BTIG Research reissued a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. 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. Finally, JPMorgan Chase & Co. raised shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $240.00 to $270.00 in a report 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.44.

DICK’S Sporting Goods Stock Down 2.4%

DKS opened at $191.55 on Wednesday. DICK’S Sporting Goods, Inc. has a 52 week low of $186.67 and a 52 week high of $244.38. The business has a 50 day moving average price of $216.04 and a two-hundred day moving average price of $211.81. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company has a market cap of $17.14 billion, a PE ratio of 18.21, a P/E/G ratio of 1.76 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share 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 company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. 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 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 47.53%.

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.