Foster & Motley Inc. Invests $4.08 Million in DICK’S Sporting Goods, Inc. $DKS

Foster & Motley Inc. purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,992 shares of the sporting goods retailer’s stock, valued at approximately $4,081,000.

Several other hedge funds have also modified their holdings of the business. Broad Peak Investment Advisers Pte Ltd grew its holdings in DICK’S Sporting Goods by 42.4% during the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock worth $7,484,000 after acquiring an additional 11,250 shares during the period. Financial Synergies Wealth Advisors Inc. acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at $1,446,000. Principal Financial Group Inc. boosted its position in shares of DICK’S Sporting Goods by 56.3% during the 4th quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer’s stock worth $99,597,000 after purchasing an additional 181,223 shares in the last quarter. SCS Capital Management LLC boosted its position in shares of DICK’S Sporting Goods by 10.6% during the 4th quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock worth $14,080,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth $192,639,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DKS. Truist Financial upped their target price 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. Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. UBS Group raised DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. raised shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. Finally, Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $220.00 to $240.00 in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods Trading Down 2.4%

Shares of NYSE DKS opened at $191.55 on Wednesday. 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 stock’s 50 day simple moving average is $216.04 and its 200 day simple moving average is $211.81. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 12-month low of $186.67 and a 12-month 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. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid 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 2.6%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.53%.

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.