6,137 Shares in DICK’S Sporting Goods, Inc. $DKS Bought by Inceptionr LLC

Inceptionr LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the first quarter, Holdings Channel reports. The fund bought 6,137 shares of the sporting goods retailer’s stock, valued at approximately $1,217,000.

A number of other institutional investors have also recently added to or reduced their stakes in DKS. Brown Advisory Inc. increased its stake in DICK’S Sporting Goods by 9.6% during the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after acquiring an additional 100 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of DICK’S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after purchasing an additional 562 shares in the last quarter. Bank of Nova Scotia purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $417,000. Daiwa Securities Group Inc. grew its holdings in shares of DICK’S Sporting Goods by 9.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after purchasing an additional 531 shares during the period. Finally, NewEdge Advisors LLC increased its position in DICK’S Sporting Goods by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the topic of a number of recent research reports. Telsey Advisory Group lifted their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Barclays raised their target price on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their price target for the company from $240.00 to $270.00 in a report on Thursday, May 28th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Trading Down 2.7%

DKS opened at $204.43 on Friday. The firm has a market capitalization of $18.30 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.83 and a beta of 1.19. The firm’s 50 day moving average is $222.54 and its 200-day moving average is $212.87. DICK’S Sporting Goods, Inc. has a 52-week low of $186.67 and a 52-week high of $244.38. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results 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 firm had revenue of $5.16 billion for 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%.The company’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $1.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

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.