62,072 Shares in DICK'S Sporting Goods, Inc. $DKS Bought by SCS Capital Management LLC

SCS Capital Management LLC purchased a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 62,072 shares of the sporting goods retailer's stock, valued at approximately $14,078,000. SCS Capital Management LLC owned approximately 0.07% of DICK'S Sporting Goods as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Viking Global Investors LP bought a new position in shares of DICK'S Sporting Goods in the fourth quarter worth about $509,371,000. Norges Bank bought a new stake in DICK'S Sporting Goods during the 4th quarter valued at approximately $192,639,000. Atreides Management LP purchased a new position in DICK'S Sporting Goods in the 2nd quarter worth approximately $172,715,000. Bank of New York Mellon Corp purchased a new position in DICK'S Sporting Goods in the 2nd quarter worth approximately $128,943,000. Finally, Raymond James Financial Inc. boosted its stake in DICK'S Sporting Goods by 274.3% in the 3rd quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer's stock worth $142,797,000 after purchasing an additional 470,925 shares during the period. 89.83% of the stock is owned by institutional investors.

DICK'S Sporting Goods Price Performance

Shares of DICK'S Sporting Goods stock opened at $202.24 on Monday. The firm has a market cap of $18.10 billion, a PE ratio of 19.22, a PEG ratio of 1.76 and a beta of 1.21. The stock has a 50 day moving average of $216.95 and a 200 day moving average of $211.97. 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, Inc. has a 12 month low of $186.67 and a 12 month high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released 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). The firm had revenue of $5.16 billion during 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 business's revenue was up 62.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.37 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts expect that DICK'S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal 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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, June 12th. DICK'S Sporting Goods's payout ratio is currently 47.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DKS shares. Truist Financial increased their price objective on shares of DICK'S Sporting Goods from $252.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. The Goldman Sachs Group reissued a "buy" rating on shares of DICK'S Sporting Goods in a report on Monday, August 3rd. DA Davidson restated a "buy" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, July 1st. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, May 28th. Finally, Robert W. Baird set a $264.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods has an average rating of "Moderate Buy" and an average price target of $258.44.

About DICK'S Sporting Goods

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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