Systematic Financial Management LP Boosts Holdings in DICK’S Sporting Goods, Inc. $DKS

Systematic Financial Management LP raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 44.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,183 shares of the sporting goods retailer’s stock after acquiring an additional 2,500 shares during the period. Systematic Financial Management LP’s holdings in DICK’S Sporting Goods were worth $1,620,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Clearstead Advisors LLC boosted its holdings in 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. Lido Advisors LLC raised its position in shares of DICK’S Sporting Goods by 3.9% in the third quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock worth $302,000 after acquiring an additional 51 shares during the period. Bath Savings Trust Co raised its position in shares of DICK’S Sporting Goods by 0.4% in the fourth quarter. Bath Savings Trust Co now owns 12,366 shares of the sporting goods retailer’s stock worth $2,448,000 after acquiring an additional 53 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of DICK’S Sporting Goods by 0.3% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 16,458 shares of the sporting goods retailer’s stock worth $3,258,000 after acquiring an additional 54 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of DICK’S Sporting Goods by 36.4% in the third quarter. EverSource Wealth Advisors LLC now owns 236 shares of the sporting goods retailer’s stock worth $52,000 after acquiring an additional 63 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on DKS shares. Morgan Stanley decreased their price objective on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $228.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial decreased their price objective on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $246.72.

DICK’S Sporting Goods Trading Up 0.0%

Shares of DICK’S Sporting Goods stock opened at $231.25 on Monday. The firm has a market capitalization of $20.59 billion, a PE ratio of 22.63, a P/E/G ratio of 3.29 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a twelve month low of $167.03 and a twelve month high of $237.31. The firm’s 50-day moving average price is $210.05 and its 200 day moving average price is $209.43. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34.

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 for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. DICK’S Sporting Goods’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period last year, the company posted $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 14.25 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid 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 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 is 48.92%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the sale, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the sale, the chairman 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 28.91% of the company’s stock.

About DICK’S Sporting Goods

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.