Hsbc Holdings PLC Has $8.37 Million Stock Position in DICK’S Sporting Goods, Inc. $DKS

Hsbc Holdings PLC raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,240 shares of the sporting goods retailer’s stock after acquiring an additional 3,589 shares during the period. Hsbc Holdings PLC’s holdings in DICK’S Sporting Goods were worth $8,373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Clearstead Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after acquiring an additional 46 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $30,000. Laurel Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods in the 4th quarter worth $34,000. Elyxium Wealth LLC bought a new position in DICK’S Sporting Goods during the 4th quarter worth about $35,000. Finally, SHP Wealth Management bought a new position in DICK’S Sporting Goods during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.1%

Shares of DKS stock opened at $239.78 on Friday. The firm’s fifty day moving average price is $224.11 and its two-hundred day moving average price is $211.47. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 1 year low of $186.67 and a 1 year high of $244.38. The firm has a market capitalization of $21.46 billion, a P/E ratio of 22.79, a PEG ratio of 2.07 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion for 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 company’s quarterly revenue was up 62.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

Insider Buying and Selling

In other news, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, the chairman owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the sale, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their position. The SEC filing for this sale provides additional information. 28.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

DKS has been the topic of several recent research reports. Morgan Stanley lifted their price target 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. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a report on Thursday, May 28th. DA Davidson reissued a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.71.

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.