DICK’S Sporting Goods, Inc. $DKS Shares Acquired by Atreides Management LP

Atreides Management LP grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 490,828 shares of the sporting goods retailer’s stock after acquiring an additional 9,442 shares during the quarter. DICK’S Sporting Goods accounts for approximately 1.2% of Atreides Management LP’s holdings, making the stock its 17th largest holding. Atreides Management LP’s holdings in DICK’S Sporting Goods were worth $97,169,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DKS. Brown Advisory Inc. boosted its holdings in DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after acquiring an additional 100 shares in the last quarter. Cerity Partners LLC boosted its holdings in DICK’S Sporting Goods by 54.1% in the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after acquiring an additional 562 shares in the last quarter. Bank of Nova Scotia acquired a new stake in DICK’S Sporting Goods in the second quarter worth about $417,000. Daiwa Securities Group Inc. raised its stake in shares of DICK’S Sporting Goods by 9.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after purchasing an additional 531 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 4.4% during the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DKS. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. Truist Financial lifted their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Finally, Jefferies Financial Group lifted their target price on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $253.89.

Insider Activity at DICK’S Sporting Goods

In other 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 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. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value 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 SEC filing for this sale provides additional information. 28.91% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Stock Down 0.6%

Shares of DKS stock opened at $224.61 on Thursday. The stock has a 50 day moving average of $220.52 and a 200 day moving average of $210.53. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The stock has a market cap of $20.10 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.97 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a twelve month low of $170.73 and a twelve month high of $237.75.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm’s revenue was up 62.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 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.