DICK’S Sporting Goods, Inc. $DKS Shares Bought by Old North State Trust LLC

Old North State Trust LLC grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 197.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,179 shares of the sporting goods retailer’s stock after buying an additional 3,439 shares during the period. Old North State Trust LLC’s holdings in DICK’S Sporting Goods were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC raised its stake in DICK’S Sporting Goods by 9.3% during the 4th quarter. Hsbc Holdings PLC now owns 42,240 shares of the sporting goods retailer’s stock valued at $8,373,000 after acquiring an additional 3,589 shares in the last quarter. Rubicon Advisors GP bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $396,000. Corient Private Wealth LLC grew its stake in shares of DICK’S Sporting Goods by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 7,135 shares of the sporting goods retailer’s stock worth $1,413,000 after purchasing an additional 400 shares in the last quarter. SHP Wealth Management acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $38,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at $185,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Down 0.3%

Shares of DICK’S Sporting Goods stock opened at $232.27 on Friday. The business has a fifty day simple moving average of $221.71 and a 200-day simple moving average of $210.87. DICK’S Sporting Goods, Inc. has a fifty-two week low of $170.73 and a fifty-two week high of $237.75. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. 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 released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the previous year, the firm earned $3.37 earnings per share. DICK’S Sporting Goods’s 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 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective 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 reissued a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. DA Davidson restated a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Jefferies Financial Group upped their price target on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. Finally, Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $253.89.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares in the company, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Company 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.