Global Retirement Partners LLC Purchases Shares of 2,677 DICK’S Sporting Goods, Inc. $DKS

Global Retirement Partners LLC acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, Holdings Channel.com reports. The firm acquired 2,677 shares of the sporting goods retailer’s stock, valued at approximately $607,000.

Several other hedge funds have also made changes to their positions in DKS. Jacobi Capital Management LLC grew its position in DICK’S Sporting Goods by 4.5% during the fourth quarter. Jacobi Capital Management LLC now owns 1,189 shares of the sporting goods retailer’s stock worth $235,000 after buying an additional 51 shares in the last quarter. Lido Advisors LLC raised its holdings in DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after acquiring an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in DICK’S Sporting Goods by 2.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,284 shares of the sporting goods retailer’s stock valued at $453,000 after acquiring an additional 54 shares in the last quarter. PCB Capital LLC lifted its position in shares of DICK’S Sporting Goods by 1.5% in the 1st quarter. PCB Capital LLC now owns 3,607 shares of the sporting goods retailer’s stock worth $715,000 after acquiring an additional 55 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of DICK’S Sporting Goods by 5.9% in the 4th quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock worth $194,000 after acquiring an additional 55 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 2.4%

NYSE DKS opened at $191.55 on Wednesday. The stock has a market capitalization of $17.14 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 52 week low of $186.67 and a 52 week high of $244.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The stock has a fifty day moving average of $216.04 and a 200-day moving average of $211.81.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 4.71% and a return on equity of 22.22%. The company’s revenue was up 62.7% compared to the same quarter last year. During the same period last year, the company earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders 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 2.6%. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company raised DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $220.00 to $240.00 in a report on Monday, August 10th. BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Finally, Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.44.

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.