OLD National Bancorp IN Decreases Stake in DICK’S Sporting Goods, Inc. $DKS

OLD National Bancorp IN reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,265 shares of the sporting goods retailer’s stock after selling 3,017 shares during the quarter. OLD National Bancorp IN’s holdings in DICK’S Sporting Goods were worth $5,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DKS. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $30,000. Clearstead Advisors LLC raised its position in shares of DICK’S Sporting Goods by 46.9% in the 3rd 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 purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $33,000. Westside Investment Management Inc. raised its position in shares of DICK’S Sporting Goods by 100.0% in the 3rd 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. Finally, Mather Group LLC. purchased a new position in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $39,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 1.7%

DICK’S Sporting Goods stock opened at $224.30 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 52 week low of $167.03 and a 52 week high of $237.31. The business’s 50-day moving average price is $203.26 and its 200 day moving average price is $210.30. The firm has a market cap of $19.97 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 3.24 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $6.23 billion during 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 business’s quarterly revenue was up 59.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.62 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 14.29 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio is currently 48.92%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DKS. UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. Jefferies Financial Group restated a “hold” rating and issued a $210.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, March 12th. Barclays raised their price objective on DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research note on Monday, January 12th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.89.

Insider Activity at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This represents a 14.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.55% of the company’s stock.

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.