Huntington National Bank Purchases 2,468 Shares of DICK’S Sporting Goods, Inc. $DKS

Huntington National Bank raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 64.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,268 shares of the sporting goods retailer’s stock after buying an additional 2,468 shares during the period. Huntington National Bank’s holdings in DICK’S Sporting Goods were worth $1,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DKS. Bank of America Corp DE boosted its position in shares of DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after purchasing an additional 3,030,642 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after purchasing an additional 3,013,850 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after purchasing an additional 1,015,599 shares during the last quarter. Atreides Management LP bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth $172,715,000. Finally, Hamlin Capital Management LLC bought a new position in shares of DICK’S Sporting Goods in the 3rd quarter worth $157,537,000. 89.83% of the stock is currently owned by institutional investors.

Key Stories Impacting DICK’S Sporting Goods

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: JPMorgan upgraded DICK’S Sporting Goods to overweight and raised its price target to $270, citing confidence in the company’s strategy and growth outlook. Tickerreport.com
• Positive Sentiment: BTIG reiterated a buy rating and set a $300 price target, signaling continued optimism about DKS’s growth, cash flow and capital return potential. Benzinga
• Positive Sentiment: DA Davidson also reaffirmed a buy rating with a $260 target, adding to the bullish analyst sentiment around the stock. Benzinga
• Positive Sentiment: Company updates pointed to strong comparable sales growth, with core sales up 6% and Foot Locker’s Fast Break remodels reportedly delivering double-digit comps. Zacks
• Positive Sentiment: DICK’S reported its first positive sales at Foot Locker in nearly three years, suggesting the turnaround effort is beginning to work. Yahoo Finance
• Neutral Sentiment: The company announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but likely not the main driver of the stock move. Benzinga
• Negative Sentiment: Management trimmed its profit outlook, indicating margin pressure tied to the Foot Locker overhaul and integration costs. MSN
• Negative Sentiment: One note highlighted that the stock can still face near-term risk because the Foot Locker strategy may pressure margins before benefits fully show up. Yahoo Finance

Insider Activity

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial raised their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings upgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Telsey Advisory Group raised their price target 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, Robert W. Baird set a $264.00 price target on DICK’S Sporting Goods in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $253.89.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $227.66 on Friday. The business’s 50-day moving average price is $213.66 and its two-hundred day moving average price is $209.84. The company has a current ratio of 1.50, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The firm has a market cap of $20.27 billion, a PE ratio of 21.64, a P/E/G ratio of 3.22 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1-year low of $170.73 and a 1-year high of $237.75.

DICK’S Sporting Goods (NYSE:DKS) last posted its 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). The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a return on equity of 23.41% and a net margin of 4.71%.The business’s revenue was up 62.7% on a year-over-year basis. During the same quarter in the prior 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. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.27 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm 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. The ex-dividend date is Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.2%. DICK’S Sporting Goods’s payout ratio is currently 48.92%.

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.