Atreides Management LP Has $106.97 Million Stake in DICK’S Sporting Goods, Inc. $DKS

Atreides Management LP reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 44.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 481,386 shares of the sporting goods retailer’s stock after selling 391,751 shares during the quarter. DICK’S Sporting Goods comprises 2.1% of Atreides Management LP’s investment portfolio, making the stock its 11th largest position. Atreides Management LP’s holdings in DICK’S Sporting Goods were worth $106,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 44.1% during the third quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock worth $71,525,000 after buying an additional 98,557 shares in the last quarter. Norges Bank bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at approximately $136,483,000. Bank of New York Mellon Corp boosted its position in DICK’S Sporting Goods by 13.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock worth $155,498,000 after acquiring an additional 81,239 shares during the last quarter. National Pension Service boosted its position in DICK’S Sporting Goods by 28.3% during the 3rd quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock worth $5,951,000 after acquiring an additional 5,914 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $8,123,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent research reports. DA Davidson set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Monday, January 12th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Barclays raised their target price on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Finally, Robert W. Baird set a $253.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $236.21.

Key DICK’S Sporting Goods News

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: Q4 results beat expectations: record consolidated revenue (~$6.23B) and solid comparable‑store strength; management highlighted sales momentum and progress on Foot Locker integration. Press Release
• Positive Sentiment: Barclays hiked its price target to $264 and moved DKS to “overweight,” signaling bullish analyst conviction that upside remains from the post‑earnings momentum. Benzinga
• Positive Sentiment: Board raised the quarterly dividend to $1.25 (≈3% increase; ~2.5% yield), and the company reiterated capital‑return priorities (buybacks remain a focus), which supports shareholder value over time.
• Positive Sentiment: Bullish commentary by MarketBeat argues for a late‑year inflection as integration costs fade, supporting a multi‑quarter recovery thesis. MarketBeat
• Neutral Sentiment: Morgan Stanley trimmed its target to $250 but kept an “overweight” view — a milder tweak that signals continued medium‑term support despite near‑term concerns. Benzinga
• Neutral Sentiment: Earnings call transcript and analyst writeups are available for deeper read; useful for tracking management detail on Foot Locker margins and timing of the expected profitability inflection. Earnings Call Transcript
• Neutral Sentiment: Brand/marketing initiative: the company’s Cookie Jar & A Dream Studios is premiering a documentary at SXSW — positive for brand but unlikely to move near‑term fundamentals. PR Newswire
• Negative Sentiment: Profit guidance and margin pressure: FY‑2026 adjusted EPS guidance ($13.50–$14.50) came in below some consensus/expectations and management flagged near‑term profitability drag from Foot Locker integration — a core reason for selling pressure. CNBC
• Negative Sentiment: Analyst downgrades/target cuts: Wells Fargo cut its target to $200 and moved to “equal weight,” reflecting skepticism on near‑term upside and weighing on sentiment. Benzinga
• Negative Sentiment: Profitability hit: reported GAAP profits fell materially (reported commentary noted a ~57% decline year‑over‑year), largely due to acquisition and integration costs for Foot Locker. CNBC
• Negative Sentiment: Unusual options flow: a spike in put buying signaled hedging or bearish positioning, which can amplify downward moves in the short term.

DICK’S Sporting Goods Trading Down 2.5%

NYSE DKS opened at $192.60 on Friday. The company has a market cap of $17.33 billion, a PE ratio of 18.85, a PEG ratio of 2.70 and a beta of 1.23. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $237.31. The stock has a 50 day moving average of $205.97 and a 200-day moving average of $214.12.

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. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 29.78%. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same period last year, the business earned $3.62 earnings per share. The firm’s revenue was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $1.25 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend is Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. DICK’S Sporting Goods’s payout ratio is 47.46%.

DICK’S Sporting Goods 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.