Munich Reinsurance Co Stock Corp in Munich Buys 79,566 Shares of DICK’S Sporting Goods, Inc. $DKS

Munich Reinsurance Co Stock Corp in Munich raised its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 35.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,058 shares of the sporting goods retailer’s stock after buying an additional 79,566 shares during the period. DICK’S Sporting Goods accounts for 1.5% of Munich Reinsurance Co Stock Corp in Munich’s holdings, making the stock its 27th largest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in DICK’S Sporting Goods were worth $60,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of DICK’S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after acquiring an additional 3,013,850 shares in the last quarter. Bank of America Corp DE increased its holdings in DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after purchasing an additional 3,030,642 shares in the last quarter. State Street Corp raised its position in DICK’S Sporting Goods by 17.7% in the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after purchasing an additional 391,694 shares during the last quarter. Viking Global Investors LP acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at about $509,371,000. Finally, Geode Capital Management LLC boosted its stake in shares of DICK’S Sporting Goods by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock valued at $242,184,000 after purchasing an additional 16,051 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.91% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of several research reports. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Jefferies Financial Group boosted 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. DA Davidson reissued a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. Finally, Telsey Advisory Group upped their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Trading Down 3.4%

NYSE DKS opened at $215.55 on Thursday. The business’s 50-day moving average price is $224.48 and its two-hundred day moving average price is $212.26. DICK’S Sporting Goods, Inc. has a 12 month low of $186.67 and a 12 month high of $244.38. The firm has a market capitalization of $19.29 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. 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 (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter last year, the business earned $3.37 earnings per share. DICK’S Sporting Goods’s revenue 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. On average, analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

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.