Glaxis Capital Management LLC Purchases Shares of 6,650 DICK'S Sporting Goods, Inc. $DKS

Key Points

• Glaxis Capital Management opened a new 6,650-share position in DICK’S Sporting Goods worth approximately $1.51 million, making the retailer its 10th-largest holding at about 3% of the portfolio.
• Institutional investors and hedge funds own approximately 89.83% of DICK’S shares, with several firms increasing stakes or initiating new positions during recent quarters.
• DICK’S shares were trading at $180.03, down 5.9%, while analysts maintained a “Moderate Buy” consensus and an average price target of $258.44. The company also pays a $1.25 quarterly dividend, equivalent to a 2.8% yield.

Glaxis Capital Management LLC purchased a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,650 shares of the sporting goods retailer's stock, valued at approximately $1,508,000. DICK'S Sporting Goods makes up about 3.0% of Glaxis Capital Management LLC's portfolio, making the stock its 10th largest holding.

Several other institutional investors have also modified their holdings of the business. Broad Peak Investment Advisers Pte Ltd grew its stake in DICK'S Sporting Goods by 42.4% during the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer's stock worth $7,484,000 after purchasing an additional 11,250 shares in the last quarter. State of Wyoming acquired a new stake in DICK'S Sporting Goods in the 2nd quarter valued at about $1,348,000. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at about $1,446,000. SCS Capital Management LLC boosted its stake in shares of DICK'S Sporting Goods by 10.6% in the 4th quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer's stock valued at $14,080,000 after buying an additional 6,837 shares during the period. Finally, Norges Bank purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at about $192,639,000. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Trading Down 5.9%

DKS opened at $180.03 on Friday. DICK'S Sporting Goods, Inc. has a one year low of $176.07 and a one year high of $244.38. The company has a market cap of $16.11 billion, a P/E ratio of 17.11, a PEG ratio of 1.67 and a beta of 1.21. 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 business's 50-day simple moving average is $214.68 and its 200-day simple moving average is $211.55.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate 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%.DICK'S Sporting Goods's revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $1.25 per share. 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 2.8%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 47.53%.

Analyst Ratings Changes

A number of analysts recently weighed in on DKS shares. Weiss Ratings lowered shares of DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, June 5th. Telsey Advisory Group lifted their price target on shares of 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. Truist Financial boosted their price target on shares of DICK'S Sporting Goods from $252.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. Wells Fargo & Company raised shares of DICK'S Sporting Goods from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $220.00 to $240.00 in a research report on Monday, August 10th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of DICK'S Sporting Goods in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $258.44.

DICK'S Sporting Goods 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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