Elevation Point Wealth Partners LLC Invests $2.72 Million in DICK’S Sporting Goods, Inc. $DKS

Elevation Point Wealth Partners LLC bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 11,986 shares of the sporting goods retailer’s stock, valued at approximately $2,719,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in DICK’S Sporting Goods during the first quarter valued at approximately $30,000. Laurel Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Elyxium Wealth LLC acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at $35,000. SHP Wealth Management bought a new stake in DICK’S Sporting Goods in the fourth quarter valued at $38,000. Finally, Torren Management LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $41,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $183.23 on Monday. DICK’S Sporting Goods, Inc. has a 1-year low of $176.07 and a 1-year high of $244.38. The company has a market cap of $16.40 billion, a PE ratio of 17.42, a P/E/G ratio of 1.60 and a beta of 1.21. 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 company has a 50-day moving average of $213.93 and a two-hundred day moving average of $211.41.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the previous year, the company posted $3.37 earnings per share. DICK’S Sporting Goods’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, equities analysts expect 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 company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.7%. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DKS. Jefferies Financial Group lifted their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. DA Davidson reaffirmed a “buy” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday, August 17th. Robert W. Baird set a $264.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, BTIG Research restated a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $258.44.

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.