Redstone Wealth Management LLC Invests $436,000 in DICK’S Sporting Goods, Inc. $DKS

Redstone Wealth Management LLC acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,200 shares of the sporting goods retailer’s stock, valued at approximately $436,000. DICK’S Sporting Goods accounts for approximately 0.3% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DKS. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $30,000. Clearstead Advisors LLC increased its stake in shares of DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the third quarter worth $33,000. Laurel Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $34,000. Finally, Westside Investment Management Inc. increased its stake in shares of DICK’S Sporting Goods by 100.0% in the third 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. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Up 0.0%

DKS stock opened at $231.25 on Monday. The firm has a fifty day moving average price of $210.05 and a 200 day moving average price of $209.43. DICK’S Sporting Goods, Inc. has a fifty-two week low of $167.03 and a fifty-two week high of $237.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. The firm has a market cap of $20.59 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 3.29 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period last year, the firm posted $3.62 earnings per share. DICK’S Sporting Goods’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. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.25 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Friday, March 27th. DICK’S Sporting Goods’s payout ratio is 48.92%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of research analyst reports. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Jefferies Financial Group reiterated a “hold” rating and set a $210.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, March 12th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.72.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction 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 transaction, the chairman directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 28.91% of the company’s stock.

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.