Centric Wealth Management Invests $3.44 Million in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Centric Wealth Management initiated a $3.44 million position in DICK’S Sporting Goods by purchasing 15,838 shares during the second quarter. Institutional investors collectively own 89.83% of the company.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus rating of “Moderate Buy” and an average price target of $258.44.
• DICK’S reported quarterly revenue of $5.16 billion, up 62.7% year over year, although earnings per share of $2.90 narrowly missed estimates. The company also pays a $1.25 quarterly dividend, equivalent to a 2.5% yield.

Centric Wealth Management purchased a new stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,838 shares of the sporting goods retailer's stock, valued at approximately $3,441,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Viking Global Investors LP bought a new position in DICK'S Sporting Goods in the 4th quarter valued at about $509,371,000. Norges Bank bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $192,639,000. Atreides Management LP acquired a new stake in shares of DICK'S Sporting Goods in the 2nd quarter worth approximately $172,715,000. Raymond James Financial Inc. lifted its stake in shares of 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 acquiring an additional 470,925 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of DICK'S Sporting Goods by 8,305.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,271 shares of the sporting goods retailer's stock valued at $83,895,000 after acquiring an additional 446,890 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DKS shares. Morgan Stanley raised their price objective 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. Weiss Ratings downgraded DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 5th. BTIG Research reiterated a "buy" rating and set a $300.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, May 28th. Telsey Advisory Group boosted their price objective on DICK'S Sporting Goods from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 20th. Finally, DA Davidson restated a "buy" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $258.44.

DICK'S Sporting Goods Stock Down 0.0%

NYSE DKS opened at $202.24 on Friday. DICK'S Sporting Goods, Inc. has a 12 month low of $186.67 and a 12 month high of $244.38. The company has a market capitalization of $18.10 billion, a P/E ratio of 19.22, a PEG ratio of 1.76 and a beta of 1.21. The company's 50 day simple moving average is $216.95 and its 200 day simple moving average is $211.91. 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 - Get Free Report) last issued its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts' consensus estimates of $2.91 by ($0.01). The business 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 company's quarterly revenue was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 47.53%.

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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