Riverbridge Partners LLC Buys 2,135 Shares of DICK’S Sporting Goods, Inc. $DKS

Riverbridge Partners LLC raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 36.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,032 shares of the sporting goods retailer’s stock after buying an additional 2,135 shares during the quarter. Riverbridge Partners LLC’s holdings in DICK’S Sporting Goods were worth $1,593,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DKS. Clearstead Advisors LLC raised its position in shares of DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after acquiring an additional 46 shares during the period. Jacobi Capital Management LLC boosted its stake in DICK’S Sporting Goods by 4.5% during the 4th quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after acquiring an additional 51 shares during the last quarter. Lido Advisors LLC grew its holdings in DICK’S Sporting Goods by 3.9% during the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after purchasing an additional 51 shares during the period. Bath Savings Trust Co grew its holdings in DICK’S Sporting Goods by 0.4% during the fourth quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock valued at $2,448,000 after purchasing an additional 53 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in DICK’S Sporting Goods by 0.3% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock valued at $3,258,000 after purchasing an additional 54 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DKS has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Robert W. Baird set a $264.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Barclays lifted their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Truist Financial boosted their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $237.24 on Thursday. 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 twelve month low of $177.15 and a twelve month high of $244.38. The firm’s 50 day moving average price is $223.24 and its two-hundred day moving average price is $211.23. The firm has a market cap of $21.23 billion, a P/E ratio of 22.55, a PEG ratio of 2.07 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the company earned $3.37 EPS. The firm’s quarterly revenue 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. On average, analysts forecast that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

Insider Transactions at DICK’S Sporting Goods

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 sale, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. 28.91% of the stock is currently owned by corporate insiders.

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.