Fisher Asset Management LLC Has $3.05 Million Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Fisher Asset Management sharply reduced its DICK'S Sporting Goods stake by 93.2% in the fourth quarter, leaving it with 15,380 shares valued at about $3.05 million.
• DICK'S recently reported Q1 earnings with revenue of $5.16 billion beating estimates, but EPS came in slightly below consensus and the company trimmed full-year profit guidance even as it raised its sales outlook.
• Wall Street sentiment remains broadly positive, with several firms lifting price targets and the stock carrying a Moderate Buy consensus target of $253.89; the company also announced a quarterly dividend of $1.25 per share.

Fisher Asset Management LLC cut its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 93.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,380 shares of the sporting goods retailer's stock after selling 210,196 shares during the period. Fisher Asset Management LLC's holdings in DICK'S Sporting Goods were worth $3,045,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DKS. Brown Advisory Inc. increased its holdings in shares of DICK'S Sporting Goods by 9.6% during the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer's stock worth $226,000 after buying an additional 100 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of DICK'S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer's stock worth $316,000 after buying an additional 562 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of DICK'S Sporting Goods during the second quarter worth $417,000. Daiwa Securities Group Inc. increased its holdings in DICK'S Sporting Goods by 9.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer's stock valued at $1,182,000 after purchasing an additional 531 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in DICK'S Sporting Goods by 4.4% in the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer's stock valued at $584,000 after purchasing an additional 124 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Performance

NYSE DKS opened at $226.53 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.12 and a beta of 1.21. The stock has a fifty day simple moving average of $212.92 and a 200 day simple moving average of $209.71. DICK'S Sporting Goods, Inc. has a twelve month low of $170.73 and a twelve month high of $237.75.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts' consensus estimates of $2.91 by ($0.01). The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK'S Sporting Goods had a net margin of 4.71% and a return on equity of 23.41%. The business's revenue was up 62.7% compared to the same quarter last year. During the same period last year, the company posted $3.37 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 14.25 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. DICK'S Sporting Goods's dividend payout ratio is 48.92%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of recent research reports. UBS Group restated a "buy" rating on shares of DICK'S Sporting Goods in a report on Tuesday, March 3rd. Telsey Advisory Group increased their price objective on DICK'S Sporting Goods from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, May 20th. DA Davidson restated a "buy" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday. Truist Financial increased their price objective on DICK'S Sporting Goods from $252.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Jefferies Financial Group increased their price objective on DICK'S Sporting Goods from $210.00 to $224.00 and gave the company a "hold" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $253.89.

Key Stories Impacting DICK'S Sporting Goods

Here are the key news stories impacting DICK'S Sporting Goods this week:

• Positive Sentiment: DICK'S reported strong Q1 performance, with revenue beating expectations and comparable sales rising 6%, suggesting the core business remains healthy. DICK'S Sporting Goods, Inc. Reports First Quarter Results
• Positive Sentiment: Foot Locker posted its first positive sales growth in nearly three years, easing concerns about the acquisition and signaling the turnaround may be gaining traction. Dick’s Sporting Goods reports first positive sales at Foot Locker in nearly three years
• Positive Sentiment: Several Wall Street firms turned more constructive on DKS, including JPMorgan’s upgrade to overweight and higher price targets from BTIG and DA Davidson, reflecting confidence in the growth story. JPMorgan upgrade coverage
• Neutral Sentiment: The company raised its sales outlook but trimmed full-year profit guidance, indicating that Foot Locker integration costs are pressuring margins even as revenue trends improve. Dick's Sporting Goods trims profit outlook as Foot Locker overhaul pressures margins
• Neutral Sentiment: Analysts remain mixed on the stock: some see upside from the Foot Locker strategy, while others note the near-term earnings and margin risk from the turnaround effort. DKS Stock In Focus: Wall Street Sees Promise And Risks In Dick’s Sporting, Foot Locker Strategy
• Negative Sentiment: Q1 earnings came in slightly below expectations, and the lower full-year EPS outlook appears to be the main reason some investors are cautious despite the sales beat. Dick's Sporting Goods shares slide as it cuts full-year profit outlook

Insiders Place Their Bets

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company's stock in a transaction 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 sale, the executive vice president owned 24,757 shares of the company's stock, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of the company's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, 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 SEC filing for this sale provides additional information. Corporate insiders own 28.91% of the company's stock.

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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