Munich Reinsurance Co Stock Corp in Munich Invests $44.87 Million in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Munich Re bought a new position of 225,492 DICK'S shares valued at about $44.87 million, representing roughly 0.25% of the company.
• DICK'S beat quarterly expectations with $3.45 EPS vs. $3.43 and $6.23 billion in revenue (up 59.9% YoY), and set FY2026 guidance of EPS $13.50–14.50 (consensus ~14.29).
• The company increased its quarterly dividend to $1.25 ($5.00 annual, ~2.2% yield), while Chairman Edward W. Stack sold 210,478 shares for about $41.6 million, trimming his ownership by 3.11%.

Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 225,492 shares of the sporting goods retailer's stock, valued at approximately $44,868,000. Munich Reinsurance Co Stock Corp in Munich owned 0.25% of DICK'S Sporting Goods at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DKS. Bank of America Corp DE raised its stake in shares of DICK'S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer's stock worth $787,980,000 after purchasing an additional 3,030,642 shares during the period. Wellington Management Group LLP raised its stake in shares of DICK'S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer's stock worth $1,468,176,000 after purchasing an additional 3,013,850 shares during the period. Vanguard Group Inc. raised its stake in shares of DICK'S Sporting Goods by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer's stock worth $1,493,099,000 after purchasing an additional 1,015,599 shares during the period. Atreides Management LP bought a new stake in shares of DICK'S Sporting Goods during the 2nd quarter worth $172,715,000. Finally, Hamlin Capital Management LLC bought a new stake in shares of DICK'S Sporting Goods during the 3rd quarter worth $157,537,000. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Stock Up 0.6%

Shares of NYSE DKS opened at $225.90 on Friday. DICK'S Sporting Goods, Inc. has a 12 month low of $167.03 and a 12 month high of $237.31. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 3.19 and a beta of 1.21. The business has a 50-day moving average of $203.75 and a 200-day moving average of $210.27.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.06 billion. DICK'S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.DICK'S Sporting Goods's revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.62 earnings per share. 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 14.29 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Friday, March 27th. DICK'S Sporting Goods's payout ratio is currently 48.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Morgan Stanley lowered their price objective on DICK'S Sporting Goods from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, March 13th. Truist Financial lowered their price objective on DICK'S Sporting Goods from $275.00 to $252.00 and set a "buy" rating on the stock in a research note on Thursday, March 12th. Wall Street Zen upgraded DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Sunday, January 25th. BTIG Research assumed coverage on DICK'S Sporting Goods in a research note on Thursday, April 16th. They issued a "buy" rating and a $300.00 price objective on the stock. Finally, Barclays boosted their price objective on DICK'S Sporting Goods from $242.00 to $264.00 and gave the company an "overweight" rating in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus target price of $241.89.

Insider Buying and Selling

In related news, Chairman Edward W. Stack sold 210,478 shares of the firm's stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the sale, the chairman owned 6,549,026 shares of the company's stock, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the sale, the executive vice president directly owned 24,757 shares of the company's stock, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.55% of the company's stock.

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.

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.