Principal Financial Group Inc. Boosts Stake in DICK’S Sporting Goods, Inc. $DKS

Principal Financial Group Inc. increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 56.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 503,077 shares of the sporting goods retailer’s stock after buying an additional 181,223 shares during the period. Principal Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $99,597,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Angelo Gordon & CO. L.P. purchased a new stake in shares of DICK’S Sporting Goods in the third quarter valued at approximately $8,640,000. Bank of New York Mellon Corp lifted its position in shares of DICK’S Sporting Goods by 13.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock valued at $155,498,000 after buying an additional 81,239 shares in the last quarter. National Pension Service lifted its position in shares of DICK’S Sporting Goods by 28.3% during the 3rd quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock valued at $5,951,000 after buying an additional 5,914 shares in the last quarter. American Century Companies Inc. grew its stake in DICK’S Sporting Goods by 139.4% in the 3rd quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock valued at $91,702,000 after acquiring an additional 240,272 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new stake in DICK’S Sporting Goods in the 3rd quarter worth $8,123,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Robert W. Baird set a $253.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, February 11th. Truist Financial reduced their price target on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Friday, March 27th. Jefferies Financial Group reiterated a “hold” rating and set a $210.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, March 12th. Finally, UBS Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.89.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods 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 of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 32.55% of the company’s stock.

DICK’S Sporting Goods Trading Up 4.9%

Shares of DKS stock opened at $226.09 on Thursday. DICK’S Sporting Goods, Inc. has a 1-year low of $167.03 and a 1-year high of $237.31. The firm has a market cap of $20.13 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 3.06 and a beta of 1.21. The company has a 50-day moving average of $206.03 and a two-hundred day moving average of $209.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The business’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.62 EPS. 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 14.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

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

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.