Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in DICK’S Sporting Goods, Inc. $DKS

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 70,482 shares of the sporting goods retailer’s stock, valued at approximately $15,986,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC acquired a new stake in DICK’S Sporting Goods in the 1st quarter worth $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $30,000. Laurel Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Elyxium Wealth LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $35,000. Finally, SHP Wealth Management acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DKS. DA Davidson restated a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Monday. Wells Fargo & Company upgraded shares of DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $220.00 to $240.00 in a report on Monday, August 10th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research note on Thursday, May 28th. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group lifted their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Trading Down 5.9%

NYSE:DKS opened at $180.03 on Friday. DICK’S Sporting Goods, Inc. has a 12 month low of $176.07 and a 12 month high of $244.38. The stock has a market capitalization of $16.11 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.67 and a beta of 1.21. The firm has a fifty day simple moving average of $214.68 and a two-hundred day simple moving average of $211.55. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last issued 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 company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business’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. Analysts expect that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.8%. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

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.