Legato Capital Management LLC Invests $626,000 in DICK’S Sporting Goods, Inc. $DKS

Legato Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,164 shares of the sporting goods retailer’s stock, valued at approximately $626,000.

Other large investors also recently modified their holdings of the company. Clearstead Advisors LLC boosted its stake in shares of DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $33,000. Westside Investment Management Inc. boosted its stake in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after buying an additional 76 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $30,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $34,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Barclays increased their price objective on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $228.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. 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 for the company in a research note on Friday, March 13th. Finally, UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $246.72.

DICK’S Sporting Goods Stock Up 1.8%

NYSE:DKS opened at $235.40 on Wednesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $168.79 and a fifty-two week high of $237.75. The stock has a market capitalization of $20.96 billion, a P/E ratio of 23.03, a P/E/G ratio of 3.29 and a beta of 1.21. 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 company’s 50-day simple moving average is $211.59 and its 200-day simple moving average is $209.65.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly 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 business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same period last year, the business earned $3.62 EPS. The company’s revenue 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. On average, equities 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 company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a $1.25 dividend. The ex-dividend date was Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 48.92%.

Insider Transactions at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the sale, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the sale, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 28.91% of the stock is currently owned by company insiders.

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.