Riverbridge Partners LLC Acquires 2,135 Shares of DICK’S Sporting Goods, Inc. $DKS

Riverbridge Partners LLC grew its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 36.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,032 shares of the sporting goods retailer’s stock after buying an additional 2,135 shares during the quarter. Riverbridge Partners LLC’s holdings in DICK’S Sporting Goods were worth $1,593,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in DICK’S Sporting Goods during the fourth quarter worth about $30,000. Clearstead Advisors LLC raised its holdings 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 worth $32,000 after buying an additional 46 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $34,000. Elyxium Wealth LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $35,000. Finally, SHP Wealth Management bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $38,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Edward W. Stack sold 210,478 shares of the 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 transaction, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction that occurred 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 owned 24,757 shares in the company, 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. 28.91% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $237.24 on Thursday. The company has a 50 day moving average price of $223.24 and a 200 day moving average price of $211.23. DICK’S Sporting Goods, Inc. has a fifty-two week low of $177.15 and a fifty-two week high of $244.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The stock has a market capitalization of $21.23 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

Analysts Set New Price Targets

DKS has been the subject of several recent analyst reports. Barclays increased their price objective 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. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. Robert W. Baird set a $264.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. UBS Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. Finally, Truist Financial boosted their price target on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $254.71.

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.