Gradient Investments LLC Invests $2.35 Million in DICK’S Sporting Goods, Inc. $DKS

Gradient Investments LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,354 shares of the sporting goods retailer’s stock, valued at approximately $2,348,000.

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

DICK’S Sporting Goods Trading Down 0.1%

DKS stock opened at $208.56 on Monday. DICK’S Sporting Goods, Inc. has a 52 week low of $186.67 and a 52 week high of $244.38. The company has a market capitalization of $18.67 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21. The company’s 50-day simple moving average is $218.22 and its 200 day simple moving average is $212.04. 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 (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.01). The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.DICK’S Sporting Goods’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 2.4%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DKS. Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Robert W. Baird set a $264.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. DA Davidson restated a “buy” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, July 1st. Truist Financial boosted their price objective 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. Finally, Morgan Stanley upped their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.19.

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.