Severin Investments LLC Sells 2,743 Shares of DICK’S Sporting Goods, Inc. $DKS

Severin Investments LLC lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 63.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,599 shares of the sporting goods retailer’s stock after selling 2,743 shares during the period. Severin Investments LLC’s holdings in DICK’S Sporting Goods were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DKS. Clearstead Advisors LLC raised its holdings in 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 in the last quarter. Root Financial Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $33,000. Westside Investment Management Inc. grew its holdings in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after purchasing an additional 76 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth $39,000. Finally, Cornerstone Planning Group LLC increased its position in shares of DICK’S Sporting Goods by 7,000.0% in the third quarter. Cornerstone Planning Group LLC now owns 213 shares of the sporting goods retailer’s stock worth $47,000 after purchasing an additional 210 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. DA Davidson set a $260.00 price target on DICK’S Sporting Goods in a research note on Monday, January 12th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. Truist Financial dropped their target price on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $245.00 price target on shares of DICK’S Sporting Goods in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.21.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $190.35 on Thursday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $237.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The firm has a market capitalization of $17.13 billion, a P/E ratio of 18.63, a P/E/G ratio of 2.71 and a beta of 1.23. The company’s 50 day moving average price is $204.65 and its two-hundred day moving average price is $213.52.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. During the same period in the prior year, the business earned $3.62 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change 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 2.6%. DICK’S Sporting Goods’s payout ratio is 47.46%.

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.