59,753 Shares in DICK’S Sporting Goods, Inc. $DKS Acquired by HS Management Partners LLC

HS Management Partners LLC acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 59,753 shares of the sporting goods retailer’s stock, valued at approximately $13,553,000. DICK’S Sporting Goods comprises about 4.7% of HS Management Partners LLC’s portfolio, making the stock its 10th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Broad Peak Investment Advisers Pte Ltd lifted its holdings in shares of DICK’S Sporting Goods by 42.4% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock worth $7,484,000 after acquiring an additional 11,250 shares during the last quarter. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $1,446,000. Principal Financial Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 56.3% during the 4th quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer’s stock valued at $99,597,000 after purchasing an additional 181,223 shares during the last quarter. SCS Capital Management LLC increased its position in DICK’S Sporting Goods by 10.6% during the 4th quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock worth $14,080,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Norges Bank acquired a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $192,639,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DKS. UBS Group upgraded shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research report on Monday, August 10th. Barclays upped their price target 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. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. BTIG Research reissued a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Finally, DA Davidson restated a “buy” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Price Performance

DKS stock opened at $191.55 on Wednesday. The company has a market capitalization of $17.14 billion, a P/E ratio of 18.21, a PEG ratio of 1.76 and a beta of 1.21. The company has a fifty day moving average price of $216.04 and a 200-day moving average price of $211.81. 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, Inc. has a 52-week low of $186.67 and a 52-week high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last posted 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). The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.DICK’S Sporting Goods’s revenue was up 62.7% compared to the same quarter last year. During the same period in the prior year, the firm 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, equities analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 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.