Peregrine Asset Advisers Inc. Takes $4.68 Million Position in DICK’S Sporting Goods, Inc. $DKS

Peregrine Asset Advisers Inc. purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, Holdings Channel reports. The fund purchased 23,626 shares of the sporting goods retailer’s stock, valued at approximately $4,685,000. DICK’S Sporting Goods makes up approximately 1.3% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. Harbor Investment Advisory LLC bought a new stake in DICK’S Sporting Goods in the 1st quarter valued at $30,000. Laurel Wealth Advisors LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $34,000. Elyxium Wealth LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at $35,000. Finally, SHP Wealth Management acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 28.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DKS shares. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Robert W. Baird set a $264.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. DA Davidson reiterated a “buy” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday. Finally, Telsey Advisory Group increased 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 report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.71.

DICK’S Sporting Goods Stock Performance

DKS opened at $236.19 on Friday. The business has a fifty day simple moving average of $224.56 and a 200 day simple moving average of $211.81. The company has a market capitalization of $21.14 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.00 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 1 year low of $186.67 and a 1 year high of $244.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data 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). The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm’s quarterly revenue was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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

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.