Occidental Asset Management LLC Purchases Shares of 15,474 DICK'S Sporting Goods, Inc. $DKS

Key Points

• Occidental Asset Management acquired 15,474 DICK’S Sporting Goods shares worth approximately $3.51 million during the second quarter. Institutional investors collectively own 89.83% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $258.44; targets range as high as $300.
• DICK’S reported quarterly revenue of $5.16 billion, up 62.7% year over year, though earnings of $2.90 per share narrowly missed estimates. The company also pays a quarterly dividend of $1.25, equivalent to a 2.5% annual yield.

Occidental Asset Management LLC purchased a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,474 shares of the sporting goods retailer's stock, valued at approximately $3,510,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DKS. Deutsche Bank AG purchased a new stake in DICK'S Sporting Goods during the second quarter valued at approximately $25,505,000. Perigon Wealth Management LLC purchased a new position in DICK'S Sporting Goods in the second quarter worth $474,000. Phillips Wealth Planners LLC purchased a new position in DICK'S Sporting Goods in the second quarter worth $437,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of DICK'S Sporting Goods during the second quarter worth $15,986,000. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of DICK'S Sporting Goods during the 2nd quarter valued at $100,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays raised their price objective on DICK'S Sporting Goods from $264.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, May 28th. Telsey Advisory Group increased their price target on DICK'S Sporting Goods from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, May 20th. The Goldman Sachs Group reissued a "buy" rating on shares of DICK'S Sporting Goods in a report on Monday, August 3rd. Jefferies Financial Group boosted their price target on DICK'S Sporting Goods from $210.00 to $224.00 and gave the stock a "hold" rating in a research note on Wednesday, May 27th. Finally, BTIG Research restated a "buy" rating and set a $300.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.44.

DICK'S Sporting Goods Trading Down 2.7%

NYSE:DKS opened at $196.51 on Tuesday. The company has a market capitalization of $17.59 billion, a P/E ratio of 18.68, a PEG ratio of 1.76 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK'S Sporting Goods, Inc. has a 12 month low of $186.67 and a 12 month high of $244.38. The firm has a fifty day simple moving average of $216.61 and a 200-day simple moving average of $211.91.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK'S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. DICK'S Sporting Goods's revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.37 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued 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 dividend yield of 2.5%. DICK'S Sporting Goods's dividend payout ratio is currently 47.53%.

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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