Glenmede Trust Co. NA Cuts Stock Position in DICK’S Sporting Goods, Inc. $DKS

Glenmede Trust Co. NA cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 67.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,199 shares of the sporting goods retailer’s stock after selling 2,472 shares during the quarter. Glenmede Trust Co. NA’s holdings in DICK’S Sporting Goods were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Broad Peak Investment Advisers Pte Ltd boosted its stake in DICK’S Sporting Goods by 42.4% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock valued at $7,484,000 after acquiring an additional 11,250 shares in the last quarter. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $1,446,000. Principal Financial Group Inc. increased its position in shares of DICK’S Sporting Goods by 56.3% during the fourth quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer’s stock worth $99,597,000 after purchasing an additional 181,223 shares in the last quarter. SCS Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 10.6% during the 4th quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock valued at $14,080,000 after purchasing an additional 6,837 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $192,639,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Up 2.3%

Shares of NYSE:DKS opened at $213.70 on Tuesday. DICK’S Sporting Goods, Inc. has a 52-week low of $186.67 and a 52-week high of $244.38. The stock has a market cap of $19.13 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.82 and a beta of 1.21. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $218.15 and a 200-day moving average price of $212.09.

DICK’S Sporting Goods (NYSE:DKS) last released 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% compared to the same quarter last year. During the same period last year, the firm earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial boosted their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Barclays increased 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. Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $220.00 to $240.00 in a research note on Monday. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $240.00 to $270.00 in a report on Thursday, May 28th. Finally, Robert W. Baird set a $264.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.44.

About DICK’S Sporting Goods

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.