Sumitomo Mitsui Trust Group Inc. Raises Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.9% during the first quarter, HoldingsChannel.com reports. The fund owned 145,446 shares of the sporting goods retailer’s stock after buying an additional 9,373 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in DICK’S Sporting Goods were worth $28,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of DKS. Jacobi Capital Management LLC grew its stake in DICK’S Sporting Goods by 4.5% in the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock valued at $235,000 after purchasing an additional 51 shares during the period. Lido Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 3.9% during the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after purchasing an additional 51 shares during the period. Bath Savings Trust Co boosted its holdings in shares of DICK’S Sporting Goods by 0.4% in the 4th quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock worth $2,448,000 after buying an additional 53 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of DICK’S Sporting Goods by 0.3% in the 4th 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 buying an additional 54 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in DICK’S Sporting Goods by 2.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock valued at $453,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’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 transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.8%

Shares of DKS opened at $216.18 on Tuesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $186.67 and a fifty-two week high of $244.38. The business has a 50-day moving average of $224.03 and a 200 day moving average of $212.41. The firm has a market cap of $19.35 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. 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 (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS 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 analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. DICK’S Sporting Goods’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period last 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. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Robert W. Baird set a $264.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Weiss Ratings downgraded DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, Truist Financial upped their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus target price of $254.71.

About DICK’S Sporting Goods

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.