Legal & General Group Plc Cuts Position in DICK’S Sporting Goods, Inc. $DKS

Legal & General Group Plc lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,525 shares of the sporting goods retailer’s stock after selling 26,430 shares during the period. Legal & General Group Plc’s holdings in DICK’S Sporting Goods were worth $36,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Advisors LLC lifted its stake in DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the last quarter. Lido Advisors LLC lifted its stake in DICK’S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after purchasing an additional 51 shares during the last quarter. Bath Savings Trust Co lifted its stake in DICK’S Sporting Goods by 0.4% in the fourth quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock valued at $2,448,000 after purchasing an additional 53 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in DICK’S Sporting Goods by 0.3% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock valued at $3,258,000 after purchasing an additional 54 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in DICK’S Sporting Goods by 36.4% in the third quarter. EverSource Wealth Advisors LLC now owns 236 shares of the sporting goods retailer’s stock valued at $52,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

More DICK’S Sporting Goods News

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: JPMorgan upgraded DICK’S Sporting Goods to overweight and raised its price target to $270, citing confidence in the company’s strategy and growth outlook. Tickerreport.com
• Positive Sentiment: BTIG reiterated a buy rating and set a $300 price target, signaling continued optimism about DKS’s growth, cash flow and capital return potential. Benzinga
• Positive Sentiment: DA Davidson also reaffirmed a buy rating with a $260 target, adding to the bullish analyst sentiment around the stock. Benzinga
• Positive Sentiment: Company updates pointed to strong comparable sales growth, with core sales up 6% and Foot Locker’s Fast Break remodels reportedly delivering double-digit comps. Zacks
• Positive Sentiment: DICK’S reported its first positive sales at Foot Locker in nearly three years, suggesting the turnaround effort is beginning to work. Yahoo Finance
• Neutral Sentiment: The company announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but likely not the main driver of the stock move. Benzinga
• Negative Sentiment: Management trimmed its profit outlook, indicating margin pressure tied to the Foot Locker overhaul and integration costs. MSN
• Negative Sentiment: One note highlighted that the stock can still face near-term risk because the Foot Locker strategy may pressure margins before benefits fully show up. Yahoo Finance

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the sale, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction on Friday, April 17th. The stock was 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 owned 24,757 shares in the company, valued at $5,534,674.92. This trade represents a 14.33% 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 Price Performance

DICK’S Sporting Goods stock opened at $227.66 on Friday. DICK’S Sporting Goods, Inc. has a one year low of $170.73 and a one year high of $237.75. The business has a fifty day moving average price of $213.66 and a 200-day moving average price of $209.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.47. The firm has a market capitalization of $20.27 billion, a P/E ratio of 21.64, a PEG ratio of 3.24 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results 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). DICK’S Sporting Goods had a return on equity of 23.41% and a net margin of 4.71%.The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the business earned $3.37 earnings per share. DICK’S Sporting Goods’s revenue 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, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 48.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial upped their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays upped their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday. DA Davidson reiterated a “buy” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday. Finally, Weiss Ratings upgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $253.89.

DICK’S Sporting Goods 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.