Emerald Investment Advisers LLC acquired 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 fund acquired 8,658 shares of the sporting goods retailer's stock, valued at approximately $1,964,000.
Several other large investors have also added to or reduced their stakes in DKS. Jacobi Capital Management LLC lifted its holdings in shares of DICK'S Sporting Goods by 4.5% during the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer's stock worth $235,000 after purchasing an additional 51 shares during the period. Lido Advisors LLC grew its holdings in DICK'S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer's stock valued at $302,000 after purchasing an additional 51 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of DICK'S Sporting Goods by 2.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer's stock valued at $453,000 after buying an additional 54 shares in the last quarter. PCB Capital LLC raised its position in shares of DICK'S Sporting Goods by 1.5% during the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer's stock worth $715,000 after purchasing an additional 55 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in DICK'S Sporting Goods by 5.9% in the 4th quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer's stock valued at $194,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. The Goldman Sachs Group reiterated a "buy" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 3rd. Weiss Ratings lowered DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, June 5th. Morgan Stanley boosted their price target on DICK'S Sporting Goods from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, May 28th. DA Davidson reaffirmed a "buy" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. upgraded shares of DICK'S Sporting Goods from a "neutral" rating to an "overweight" rating and increased their target price for the company from $240.00 to $270.00 in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $258.44.
View Our Latest Research Report on DICK'S Sporting Goods
DICK'S Sporting Goods Price Performance
DKS stock opened at $183.23 on Friday. DICK'S Sporting Goods, Inc. has a 52-week low of $176.07 and a 52-week high of $244.38. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. The business has a fifty day moving average of $213.93 and a two-hundred day moving average of $211.35.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly 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 analysts' expectations 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 for the quarter was up 62.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, research analysts anticipate that DICK'S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.
DICK'S Sporting Goods Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. DICK'S Sporting Goods's payout ratio is presently 47.53%.
About DICK'S Sporting Goods
(
Free Report)
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.
See Also
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