Hennion & Walsh Asset Management Inc. Lowers Position in DICK’S Sporting Goods, Inc. $DKS

Hennion & Walsh Asset Management Inc. trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 61.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,905 shares of the sporting goods retailer’s stock after selling 4,553 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DKS. Viking Global Investors LP purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $509,371,000. Norges Bank purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth $192,639,000. Atreides Management LP bought a new position in DICK’S Sporting Goods in the second quarter worth $172,715,000. Raymond James Financial Inc. raised its holdings in DICK’S Sporting Goods by 274.3% in the third quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer’s stock worth $142,797,000 after purchasing an additional 470,925 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in DICK’S Sporting Goods by 8,305.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,271 shares of the sporting goods retailer’s stock worth $83,895,000 after purchasing an additional 446,890 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $202.24 on Friday. The business has a fifty day moving average price of $216.95 and a 200-day moving average price of $211.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The company has a market capitalization of $18.10 billion, a PE ratio of 19.22, a PEG ratio of 1.76 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1-year low of $186.67 and a 1-year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the previous year, the firm 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. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.5%. DICK’S Sporting Goods’s payout ratio is 47.53%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. Barclays upped their price objective on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Telsey Advisory Group lifted their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Finally, Truist Financial boosted their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.44.

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.