L2 Asset Management LLC Reduces Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

L2 Asset Management LLC lowered its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 35.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,242 shares of the sporting goods retailer’s stock after selling 7,935 shares during the period. L2 Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $3,165,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its stake in shares of DICK’S Sporting Goods by 18.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,594 shares of the sporting goods retailer’s stock valued at $576,000 after purchasing an additional 409 shares in the last quarter. Lido Advisors LLC raised its stake in DICK’S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after buying an additional 51 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in DICK’S Sporting Goods in the third quarter worth about $4,614,000. Integrated Wealth Concepts LLC purchased a new stake in DICK’S Sporting Goods in the third quarter worth about $258,000. Finally, Hamlin Capital Management LLC purchased a new stake in DICK’S Sporting Goods in the third quarter worth about $157,537,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

DKS stock opened at $187.50 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. The firm has a 50 day moving average price of $205.58 and a 200-day moving average price of $213.84. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $237.31. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 2.68 and a beta of 1.23.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. During the same quarter in the prior year, the business posted $3.62 EPS. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $1.25 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 27th. DICK’S Sporting Goods’s payout ratio is currently 48.92%.

Analysts Set New Price Targets

DKS has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $245.00 target price on shares of DICK’S Sporting Goods in a report on Monday, March 9th. UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their price target on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. Finally, Robert W. Baird set a $253.00 price objective on DICK’S Sporting Goods in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $236.21.

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.