Norges Bank Takes $192.64 Million Position in DICK’S Sporting Goods, Inc. $DKS

Norges Bank acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 973,070 shares of the sporting goods retailer’s stock, valued at approximately $192,639,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Advisors LLC lifted its stake in shares of DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the period. Westside Investment Management Inc. lifted its stake in shares of DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at about $30,000. Laurel Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Finally, Elyxium Wealth LLC acquired a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $35,000. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $224.66 on Thursday. 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 50 day moving average price of $215.28 and a two-hundred day moving average price of $209.73. The firm has a market capitalization of $20.00 billion, a P/E ratio of 21.36, a P/E/G ratio of 1.87 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 52 week low of $170.73 and a 52 week high of $237.75.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a return on equity of 23.41% and a net margin of 4.71%.The business’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on DKS shares. Morgan Stanley upped their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $240.00 to $270.00 in a research note on Thursday, May 28th. Robert W. Baird set a $264.00 price target on DICK’S Sporting Goods in a research note on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, Barclays upped their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.89.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the business’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 completion of the sale, the chairman directly owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was 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 of the company’s stock, valued at $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.