Sanctuary Advisors LLC Makes New $15.15 Million Investment in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Sanctuary Advisors LLC acquired a new 66,798-share stake in DICK’S Sporting Goods during the second quarter, valued at approximately $15.15 million and representing 0.07% of the company.
• Institutional investors and hedge funds own approximately 89.83% of DICK’S Sporting Goods. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $258.44.
• DICK’S reported quarterly revenue of $5.16 billion, up 62.7% year over year, though earnings per share of $2.90 narrowly missed estimates. The company also pays a quarterly dividend of $1.25, equivalent to a 2.7% annual yield.

Sanctuary Advisors LLC bought a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 66,798 shares of the sporting goods retailer's stock, valued at approximately $15,151,000. Sanctuary Advisors LLC owned 0.07% of DICK'S Sporting Goods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Harbor Investment Advisory LLC acquired a new stake in DICK'S Sporting Goods in the 1st quarter worth about $30,000. Laurel Wealth Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the fourth quarter worth approximately $34,000. Elyxium Wealth LLC bought a new position in shares of DICK'S Sporting Goods during the fourth quarter worth approximately $35,000. SHP Wealth Management acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $38,000. Finally, Torren Management LLC acquired a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $41,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DKS shares. Robert W. Baird set a $264.00 price objective on DICK'S Sporting Goods in a research note on Thursday, May 28th. The Goldman Sachs Group reiterated a "buy" rating on shares of DICK'S Sporting Goods in a research 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 company a "hold" rating in a research note on Wednesday, May 27th. Weiss Ratings cut shares of DICK'S Sporting Goods from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 5th. Finally, Telsey Advisory Group increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.44.

DICK'S Sporting Goods Stock Performance

Shares of DKS opened at $183.23 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK'S Sporting Goods, Inc. has a 52-week low of $176.07 and a 52-week high of $244.38. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.60 and a beta of 1.21. The business's fifty day moving average is $213.93 and its 200-day moving average is $211.41.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate 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 quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter in the prior 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. Equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 14.24 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. Investors of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK'S Sporting Goods's dividend payout ratio is presently 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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