Eastern Bank Raises Holdings in DICK’S Sporting Goods, Inc. $DKS

Eastern Bank grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 71.3% during the second quarter, HoldingsChannel reports. The fund owned 166,837 shares of the sporting goods retailer’s stock after acquiring an additional 69,431 shares during the quarter. Eastern Bank’s holdings in DICK’S Sporting Goods were worth $37,840,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DKS. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $30,000. Harbor Investment Advisory LLC acquired a new stake in shares of DICK’S Sporting Goods during the first quarter worth about $30,000. Laurel Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $34,000. Elyxium Wealth LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter valued at $35,000. Finally, SHP Wealth Management purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth about $38,000. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of a number of recent analyst reports. Robert W. Baird set a $264.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Weiss Ratings cut DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. JPMorgan Chase & Co. raised shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $240.00 to $270.00 in a research report on Thursday, May 28th. Finally, Jefferies Financial Group increased their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.19.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $200.85 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK’S Sporting Goods, Inc. has a 1 year low of $186.67 and a 1 year high of $244.38. The stock has a market capitalization of $17.98 billion, a PE ratio of 19.09, a PEG ratio of 1.71 and a beta of 1.19. The stock has a 50-day simple moving average of $220.22 and a 200-day simple moving average of $212.36.

DICK’S Sporting Goods (NYSE:DKS) last announced 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). 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 analysts’ expectations of $5.07 billion. During the same period in the prior year, the company posted $3.37 earnings per share. The company’s revenue for the quarter 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. On average, analysts predict 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 announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 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.