North Dakota State Investment Board Takes $441,000 Position in DICK’S Sporting Goods, Inc. $DKS

North Dakota State Investment Board bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,228 shares of the sporting goods retailer’s stock, valued at approximately $441,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $30,000. Clearstead Advisors LLC grew its position in shares of DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $33,000. Laurel Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $34,000. Finally, Westside Investment Management Inc. grew its position in shares of DICK’S Sporting Goods by 100.0% in the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DKS shares. Barclays increased their price target on DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. UBS Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Wells Fargo & Company reduced their price target on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $246.72.

DICK’S Sporting Goods Trading Up 4.3%

Shares of NYSE:DKS opened at $231.25 on Friday. The company has a market capitalization of $20.59 billion, a P/E ratio of 22.63, a P/E/G ratio of 3.16 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1 year low of $167.03 and a 1 year high of $237.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The business’s 50 day simple moving average is $210.05 and its 200 day simple moving average is $209.49.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.25 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 48.92%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction 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 completion of the sale, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Company 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.