SEB Asset Management AB Takes Position in DICK’S Sporting Goods, Inc. $DKS

SEB Asset Management AB purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,387 shares of the sporting goods retailer’s stock, valued at approximately $2,456,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Viking Global Investors LP acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at $509,371,000. Norges Bank acquired a new position in DICK’S Sporting Goods during the 4th quarter worth $192,639,000. Atreides Management LP bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth about $172,715,000. Raymond James Financial Inc. increased its position in shares of DICK’S Sporting Goods by 274.3% in the 3rd quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer’s stock worth $142,797,000 after purchasing an additional 470,925 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of DICK’S Sporting Goods by 8,305.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 452,271 shares of the sporting goods retailer’s stock worth $83,895,000 after purchasing an additional 446,890 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 2.7%

Shares of NYSE:DKS opened at $204.43 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $222.54 and its 200 day moving average price is $212.87. The company has a market cap of $18.30 billion, a PE ratio of 19.43, a P/E/G ratio of 1.83 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a fifty-two week low of $186.67 and a fifty-two week high of $244.38.

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 the consensus estimate 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 firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter last year, the company posted $3.37 EPS. 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. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current 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 issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. DA Davidson restated a “buy” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Wednesday, July 1st. Morgan Stanley increased their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Robert W. Baird set a $264.00 target price on DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Weiss Ratings downgraded DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.71.

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.