21,918 Shares in DICK'S Sporting Goods, Inc. $DKS Purchased by Danske Bank A S

Key Points

• Danske Bank A/S purchased 21,918 shares of DICK'S Sporting Goods during the second quarter, valued at approximately $4.97 million. Institutional investors collectively own 89.83% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $258.44; several firms recently upgraded the stock or raised their targets.
• DICK'S reported quarterly revenue of $5.16 billion, up 62.7% year over year, though EPS of $2.90 narrowly missed estimates. The company also pays a quarterly dividend of $1.25, equivalent to a 2.7% annual yield.

Danske Bank A S purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,918 shares of the sporting goods retailer's stock, valued at approximately $4,971,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DKS. Harbor Investment Advisory LLC bought a new position in DICK'S Sporting Goods in the first quarter valued at $30,000. Laurel Wealth Advisors LLC purchased a new position in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $35,000. SHP Wealth Management bought a new position in shares of DICK'S Sporting Goods during the 4th quarter valued at about $38,000. Finally, Torren Management LLC bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

DKS has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of DICK'S Sporting Goods from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Wells Fargo & Company upgraded shares of DICK'S Sporting Goods from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $220.00 to $240.00 in a report on Monday, August 10th. BTIG Research reissued a "buy" rating and issued a $300.00 target price on shares of DICK'S Sporting Goods in a report on Thursday, May 28th. JPMorgan Chase & Co. raised DICK'S Sporting Goods from a "neutral" rating to an "overweight" rating and upped their target price for the company from $240.00 to $270.00 in a research report on Thursday, May 28th. Finally, Barclays raised their target price on shares of DICK'S Sporting Goods from $264.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.44.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock opened at $183.23 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The company's 50-day simple moving average is $213.93 and its 200-day simple moving average is $211.35. DICK'S Sporting Goods, Inc. has a one year low of $176.07 and a one year high of $244.38. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.56 and a beta of 1.21.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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. The business's revenue for the quarter 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. Equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK'S Sporting Goods's dividend payout ratio (DPR) 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.

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