DICK’S Sporting Goods, Inc. $DKS Position Lowered by HS Management Partners LLC

HS Management Partners LLC lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 27.1% during the 4th quarter, Holdings Channel reports. The fund owned 126,385 shares of the sporting goods retailer’s stock after selling 46,997 shares during the quarter. DICK’S Sporting Goods comprises 5.3% of HS Management Partners LLC’s portfolio, making the stock its 6th largest holding. HS Management Partners LLC’s holdings in DICK’S Sporting Goods were worth $25,020,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DKS. Bank of America Corp DE raised its holdings in shares of DICK’S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after acquiring an additional 3,030,642 shares during the period. Wellington Management Group LLP raised its holdings in DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after buying an additional 3,013,850 shares during the period. Vanguard Group Inc. raised its holdings in DICK’S Sporting Goods by 17.8% in 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. Atreides Management LP purchased a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $172,715,000. Finally, Hamlin Capital Management LLC purchased a new stake in DICK’S Sporting Goods in the 3rd quarter valued at about $157,537,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction dated Friday, April 17th. The stock was 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 $5,534,674.92. The trade was a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DKS shares. BTIG Research restated a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, May 13th. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Jefferies Financial Group restated a “hold” rating and issued a $210.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. Robert W. Baird set a $253.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, February 11th. Finally, Truist Financial reduced their price objective on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $246.72.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $231.25 on Friday. The company has a market cap of $20.59 billion, a P/E ratio of 22.63, a P/E/G ratio of 3.29 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The stock has a 50-day moving average of $210.05 and a two-hundred day moving average of $209.49. DICK’S Sporting Goods, Inc. has a 1-year low of $167.03 and a 1-year high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.DICK’S Sporting Goods’s revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.25 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $5.00 annualized dividend and a yield of 2.2%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio is presently 48.92%.

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.