North Dakota State Investment Board Takes Position in DICK’S Sporting Goods, Inc. $DKS

North Dakota State Investment Board bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,228 shares of the sporting goods retailer’s stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in DICK’S Sporting Goods by 44.1% during the third quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock worth $71,525,000 after acquiring an additional 98,557 shares in the last quarter. Angelo Gordon & CO. L.P. bought a new stake in DICK’S Sporting Goods during the third quarter worth about $8,640,000. Bank of New York Mellon Corp raised its holdings in DICK’S Sporting Goods by 13.1% during the third quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock worth $155,498,000 after acquiring an additional 81,239 shares in the last quarter. National Pension Service raised its holdings in DICK’S Sporting Goods by 28.3% during the third quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock worth $5,951,000 after acquiring an additional 5,914 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in DICK’S Sporting Goods by 139.4% during the third quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock worth $91,702,000 after acquiring an additional 240,272 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their position. The SEC filing for this sale provides additional information. 28.91% of the stock is owned by insiders.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $231.25 on Friday. The business’s 50 day moving average price is $210.05 and its two-hundred day moving average price is $209.49. The company has a market cap of $20.59 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 3.16 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a twelve month low of $167.03 and a twelve month high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The business’s revenue was up 59.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.62 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 14.25 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 48.92%.

Wall Street Analyst Weigh In

DKS has been the topic of several analyst reports. Telsey Advisory Group upped 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. Jefferies Financial Group reiterated a “hold” rating and set a $210.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. Barclays upped their target price on DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Truist Financial lowered their price target on DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $246.72.

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.