Zurcher Kantonalbank Zurich Cantonalbank Purchases 30,000 Shares of DICK’S Sporting Goods, Inc. $DKS

Zurcher Kantonalbank Zurich Cantonalbank raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 215.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 43,933 shares of the sporting goods retailer’s stock after buying an additional 30,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DICK’S Sporting Goods were worth $8,697,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC lifted its position in DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the period. Root Financial Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $33,000. Westside Investment Management Inc. raised its position in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after acquiring an additional 76 shares during the last quarter. Mather Group LLC. bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $39,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $40,000. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 210,478 shares of the 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 completion of the sale, the chairman owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 32.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DKS shares. DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a research report on Monday, January 12th. Morgan Stanley decreased their target price on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a research report on Wednesday, February 11th. Truist Financial reduced their price target on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.89.

DICK’S Sporting Goods Trading Down 1.7%

NYSE DKS opened at $224.30 on Friday. The firm has a market cap of $19.97 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.24 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 stock’s 50-day moving average is $203.26 and its 200-day moving average is $210.30. DICK’S Sporting Goods, Inc. has a one year low of $167.03 and a one year high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter in the prior year, the firm earned $3.62 earnings per share. The firm’s 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. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.29 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a dividend of $1.25 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 27th. DICK’S Sporting Goods’s payout ratio 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.