Gradient Investments LLC Invests $2.35 Million in DICK’S Sporting Goods, Inc. $DKS

Gradient Investments LLC purchased a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,354 shares of the sporting goods retailer’s stock, valued at approximately $2,348,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in DICK’S Sporting Goods by 7.0% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 8,910 shares of the sporting goods retailer’s stock worth $2,021,000 after buying an additional 580 shares in the last quarter. GAMMA Investing LLC raised its position in shares of DICK’S Sporting Goods by 13.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,404 shares of the sporting goods retailer’s stock valued at $545,000 after buying an additional 278 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of DICK’S Sporting Goods by 370.7% during the 2nd quarter. Harbor Investment Advisory LLC now owns 706 shares of the sporting goods retailer’s stock worth $160,000 after acquiring an additional 556 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 58.7% during the 2nd quarter. CoreCap Advisors LLC now owns 519 shares of the sporting goods retailer’s stock worth $118,000 after acquiring an additional 192 shares during the period. Finally, SWP Investment Management LLC boosted its position in shares of DICK’S Sporting Goods by 3.9% during the 2nd quarter. SWP Investment Management LLC now owns 10,789 shares of the sporting goods retailer’s stock worth $2,447,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Barclays lifted their price target on 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. DA Davidson reissued a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. Telsey Advisory Group upped their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $257.19.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $208.56 on Monday. The company’s 50 day moving average price is $218.22 and its two-hundred day moving average price is $212.04. The firm has a market capitalization of $18.67 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.82 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a fifty-two week low of $186.67 and a fifty-two week high of $244.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the company posted $3.37 earnings per share. The firm’s quarterly revenue was up 62.7% 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 analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $1.25 per share. The ex-dividend date was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio (DPR) 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.