Nomura Asset Management Co. Ltd. Sells 3,773 Shares of DICK’S Sporting Goods, Inc. $DKS

Nomura Asset Management Co. Ltd. decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,992 shares of the sporting goods retailer’s stock after selling 3,773 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in DICK’S Sporting Goods were worth $4,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth $30,000. Clearstead Advisors LLC boosted its stake in 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 worth $32,000 after purchasing an additional 46 shares during the period. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $34,000. Westside Investment Management Inc. boosted its stake in 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 worth $35,000 after purchasing an additional 76 shares during the period. Finally, Elyxium Wealth LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $35,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $217.95 on Friday. The stock has a market cap of $19.41 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.96 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 1-year low of $170.73 and a 1-year high of $237.75. The stock’s 50-day moving average is $215.76 and its 200 day moving average is $209.74.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 23.41%. The business’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.53%.

Wall Street Analyst Weigh In

DKS has been the subject of several analyst reports. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. DA Davidson restated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Barclays raised their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Finally, Truist Financial raised their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $253.89.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were 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 in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 28.91% of the company’s stock.

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.