Ieq Capital LLC Makes New $12.50 Million Investment in DICK’S Sporting Goods, Inc. $DKS

Ieq Capital LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 55,109 shares of the sporting goods retailer’s stock, valued at approximately $12,499,000. Ieq Capital LLC owned about 0.06% of DICK’S Sporting Goods as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Callan Family Office LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at $697,000. Allworth Financial LP purchased a new stake in DICK’S Sporting Goods during the second quarter valued at about $747,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in DICK’S Sporting Goods during the second quarter valued at about $375,000. Ceredex Value Advisors LLC acquired a new stake in DICK’S Sporting Goods during the second quarter worth about $21,405,000. Finally, Glaxis Capital Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth about $1,508,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group raised DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research note on Monday, August 10th. BTIG Research reissued a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Telsey Advisory Group increased their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Wells Fargo & Company upgraded shares of DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $220.00 to $240.00 in a report on Monday, August 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Stock Up 2.2%

Shares of NYSE DKS opened at $183.23 on Friday. The stock has a fifty day moving average price of $213.93 and a 200 day moving average price of $211.35. 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, Inc. has a 12-month low of $176.07 and a 12-month high of $244.38. The company has a market cap of $16.40 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.60 and a beta of 1.21.

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 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 company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the firm earned $3.37 EPS. The company’s revenue for the quarter was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced 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. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.53%.

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.