Principal Financial Group Inc. Increases Stock Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Principal Financial Group increased its stake in DICK'S Sporting Goods by 56.3% in Q4 to 503,077 shares—worth about $99.6 million and roughly 0.56% of the company.
• Chairman Edward W. Stack sold 210,478 shares on March 31 at an average of $197.69 for about $41.6 million, reducing his holding by 3.11%; insiders still own 32.55% of the stock.
• DICK'S slightly beat quarterly expectations (EPS $3.45 vs. $3.43) with revenue of $6.23 billion (+59.9% YoY), set FY2026 EPS guidance of $13.50–$14.50, and carries a consensus analyst rating of "Moderate Buy" (target ~$241.89).

Principal Financial Group Inc. boosted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 56.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 503,077 shares of the sporting goods retailer's stock after buying an additional 181,223 shares during the period. Principal Financial Group Inc. owned approximately 0.56% of DICK'S Sporting Goods worth $99,597,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Angelo Gordon & CO. L.P. bought a new position in DICK'S Sporting Goods during the 3rd quarter valued at about $8,640,000. Bank of New York Mellon Corp grew its stake in shares of DICK'S Sporting Goods by 13.1% during the third quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer's stock valued at $155,498,000 after buying an additional 81,239 shares during the last quarter. National Pension Service raised its holdings in shares of DICK'S Sporting Goods by 28.3% in the third quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer's stock worth $5,951,000 after buying an additional 5,914 shares during the period. American Century Companies Inc. lifted its stake in shares of DICK'S Sporting Goods by 139.4% during the 3rd quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer's stock worth $91,702,000 after acquiring an additional 240,272 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in DICK'S Sporting Goods in the 3rd quarter valued at $8,123,000. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction dated Tuesday, March 31st. The stock was 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 of the company's stock, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares of the company's stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 32.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DKS. Robert W. Baird set a $253.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday, February 11th. Wells Fargo & Company dropped their target price on shares of DICK'S Sporting Goods from $225.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Friday, March 13th. Jefferies Financial Group restated a "hold" rating and set a $210.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday, March 12th. Truist Financial lowered their price objective on shares of DICK'S Sporting Goods from $275.00 to $252.00 and set a "buy" rating for the company in a research note on Thursday, March 12th. Finally, DA Davidson set a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued 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 has an average rating of "Moderate Buy" and a consensus target price of $241.89.

DICK'S Sporting Goods Price Performance

Shares of DKS opened at $226.09 on Thursday. The firm has a market capitalization of $20.13 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 3.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The company's fifty day moving average price is $206.03 and its 200-day moving average price is $209.95. DICK'S Sporting Goods, Inc. has a 1-year low of $167.03 and a 1-year high of $237.31.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. DICK'S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter in the previous year, the business earned $3.62 EPS. The company's quarterly revenue was up 59.9% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 14.29 EPS for the current year.

DICK'S Sporting Goods Increases Dividend

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

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.

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.