Glenmede Trust Co. NA Sells 2,472 Shares of DICK’S Sporting Goods, Inc. $DKS

Glenmede Trust Co. NA reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 67.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,199 shares of the sporting goods retailer’s stock after selling 2,472 shares during the period. Glenmede Trust Co. NA’s holdings in DICK’S Sporting Goods were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $30,000. Harbor Investment Advisory LLC purchased a new stake in DICK’S Sporting Goods during the first quarter valued at $30,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the fourth quarter valued at $34,000. Elyxium Wealth LLC bought a new position in DICK’S Sporting Goods during the fourth quarter valued at $35,000. Finally, SHP Wealth Management purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter worth $38,000. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Up 2.3%

NYSE:DKS opened at $213.70 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK’S Sporting Goods, Inc. has a 1-year low of $186.67 and a 1-year high of $244.38. The company has a 50-day moving average of $218.15 and a 200 day moving average of $212.09. The firm has a market cap of $19.13 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results 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 business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the business posted $3.37 EPS. 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. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is 47.53%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DKS shares. DA Davidson restated a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, July 1st. Barclays lifted their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. BTIG Research restated a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods 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.