Occidental Asset Management LLC Takes Position in DICK’S Sporting Goods, Inc. $DKS

Occidental Asset Management LLC acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,474 shares of the sporting goods retailer’s stock, valued at approximately $3,510,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Viking Global Investors LP purchased a new stake in DICK’S Sporting Goods in the fourth quarter valued at $509,371,000. Norges Bank acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth about $192,639,000. Atreides Management LP purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $172,715,000. Bank of New York Mellon Corp purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $128,943,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of DICK’S Sporting Goods by 274.3% in the 3rd quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer’s stock valued at $142,797,000 after buying an additional 470,925 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DKS. BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. UBS Group upgraded DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research report on Monday, August 10th. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. 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, Truist Financial raised their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.44.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $196.51 on Tuesday. 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, Inc. has a 1 year low of $186.67 and a 1 year high of $244.38. The firm has a market capitalization of $17.59 billion, a PE ratio of 18.68, a P/E/G ratio of 1.76 and a beta of 1.21. The business’s 50 day moving average price is $216.61 and its 200-day moving average price is $211.91.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the business posted $3.37 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts expect 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 declared 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 dividend on an annualized basis and a yield of 2.5%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

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.