Sutton Place Investors LLC Makes New $1.91 Million Investment in DICK’S Sporting Goods, Inc. $DKS

Sutton Place Investors LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,631 shares of the sporting goods retailer’s stock, valued at approximately $1,907,000. DICK’S Sporting Goods comprises approximately 1.0% of Sutton Place Investors LLC’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $40,000. Sound Income Strategies LLC raised its holdings in shares of DICK’S Sporting Goods by 61.2% during the fourth quarter. Sound Income Strategies LLC now owns 266 shares of the sporting goods retailer’s stock worth $57,000 after purchasing an additional 101 shares during the last quarter. Buffalo Business & Estate Services Ltd. purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $215,000. Sowell Financial Services LLC raised its holdings in shares of DICK’S Sporting Goods by 5.0% during the fourth quarter. Sowell Financial Services LLC now owns 6,906 shares of the sporting goods retailer’s stock worth $1,367,000 after purchasing an additional 331 shares during the last quarter. Finally, McBroom & Associates LLC raised its holdings in shares of DICK’S Sporting Goods by 0.9% during the fourth quarter. McBroom & Associates LLC now owns 41,380 shares of the sporting goods retailer’s stock worth $8,192,000 after purchasing an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, March 13th. DA Davidson set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Monday, January 12th. Robert W. Baird set a $253.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, February 11th. Jefferies Financial Group reissued a “hold” rating and set a $210.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. Finally, Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.21.

DICK’S Sporting Goods Stock Up 2.3%

DKS stock opened at $205.03 on Thursday. The firm has a market cap of $18.26 billion, a PE ratio of 20.06, a P/E/G ratio of 2.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. The firm’s fifty day moving average is $199.67 and its 200 day moving average is $210.70. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The company 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%. The firm’s revenue was up 59.9% on a year-over-year basis. During the same quarter last year, the business earned $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $1.25 per share. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 48.92%.

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 shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 32.55% of the company’s stock.

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.