BI Asset Management Fondsmaeglerselskab A S Decreases Stock Position in DICK’S Sporting Goods, Inc. $DKS

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 79.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,814 shares of the sporting goods retailer’s stock after selling 18,632 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in DICK’S Sporting Goods were worth $953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Angelo Gordon & CO. L.P. purchased a new stake in DICK’S Sporting Goods during the 3rd quarter valued at $8,640,000. American Century Companies Inc. raised its holdings in 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 valued at $91,702,000 after buying an additional 240,272 shares during the period. PNC Financial Services Group Inc. raised its holdings in DICK’S Sporting Goods by 44.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 34,570 shares of the sporting goods retailer’s stock valued at $7,682,000 after buying an additional 10,661 shares during the period. Vanguard Group Inc. raised its holdings in DICK’S Sporting Goods by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after buying an additional 1,015,599 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd raised its holdings in DICK’S Sporting Goods by 42.4% during the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock valued at $7,484,000 after buying an additional 11,250 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DKS. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their price target for the company from $240.00 to $270.00 in a report on Thursday, May 28th. UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. Wells Fargo & Company reiterated a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Morgan Stanley increased their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, DA Davidson reiterated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $253.89.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $220.00 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $217.21 and its two-hundred day simple moving average is $209.90. DICK’S Sporting Goods, Inc. has a twelve month low of $170.73 and a twelve month high of $237.75. The firm has a market cap of $19.59 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.86 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 23.41% and a net margin of 4.71%.The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the business earned $3.37 EPS. The business’s revenue for the quarter was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $1.25 dividend. The ex-dividend date is Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.53%.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s 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 in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 28.91% of the company’s stock.

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.