Strs Ohio boosted its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,516 shares of the sporting goods retailer's stock after purchasing an additional 10,003 shares during the period. Strs Ohio's holdings in DICK'S Sporting Goods were worth $5,249,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Clearstead Advisors LLC grew its position in shares of DICK'S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer's stock worth $32,000 after buying an additional 46 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of DICK'S Sporting Goods by 3.9% during the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer's stock valued at $302,000 after acquiring an additional 51 shares in the last quarter. Bath Savings Trust Co raised its holdings in shares of DICK'S Sporting Goods by 0.4% during the fourth quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer's stock valued at $2,448,000 after acquiring an additional 53 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in DICK'S Sporting Goods by 0.3% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer's stock worth $3,258,000 after acquiring an additional 54 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in DICK'S Sporting Goods by 36.4% in the third quarter. EverSource Wealth Advisors LLC now owns 236 shares of the sporting goods retailer's stock worth $52,000 after acquiring an additional 63 shares during the period. Institutional investors own 89.83% of the company's stock.
Insider Activity at DICK'S Sporting Goods
In related news, Chairman Edward W. Stack sold 210,478 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK'S Sporting Goods stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the transaction, the executive vice president 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. The SEC filing for this sale provides additional information. Corporate insiders own 32.55% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on DKS. Robert W. Baird set a $253.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, February 11th. UBS Group reaffirmed a "buy" rating on shares of DICK'S Sporting Goods in a research note on Tuesday, March 3rd. BTIG Research started coverage on shares of DICK'S Sporting Goods in a research note on Thursday, April 16th. They issued a "buy" rating and a $300.00 price target for the company. 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 report on Thursday, March 12th. Finally, Morgan Stanley cut 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 report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $241.89.
Read Our Latest Research Report on DKS
DICK'S Sporting Goods Stock Down 0.7%
NYSE:DKS opened at $215.68 on Wednesday. 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 firm's 50-day moving average price is $205.76 and its 200-day moving average price is $209.98. The company has a market capitalization of $19.20 billion, a PE ratio of 21.10, a P/E/G ratio of 3.08 and a beta of 1.21. 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 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 business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. DICK'S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. DICK'S Sporting Goods's quarterly revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.62 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities analysts predict that DICK'S Sporting Goods, Inc. will post 14.29 EPS for the current fiscal year.
DICK'S Sporting Goods Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.21. DICK'S Sporting Goods's payout ratio is presently 48.92%.
DICK'S Sporting Goods Profile
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Free Report)
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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