OLD National Bancorp IN Raises Stock Position in DICK’S Sporting Goods, Inc. $DKS

OLD National Bancorp IN grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 25.7% during the first quarter, Holdings Channel reports. The firm owned 33,019 shares of the sporting goods retailer’s stock after purchasing an additional 6,754 shares during the quarter. OLD National Bancorp IN’s holdings in DICK’S Sporting Goods were worth $6,547,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Angelo Gordon & CO. L.P. acquired a new stake in shares of DICK’S Sporting Goods in the third quarter valued at $8,640,000. American Century Companies Inc. boosted its holdings in DICK’S Sporting Goods by 139.4% in the third quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock valued at $91,702,000 after purchasing an additional 240,272 shares during the period. Broad Peak Investment Advisers Pte Ltd grew its stake in DICK’S Sporting Goods by 42.4% during the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock worth $7,484,000 after purchasing an additional 11,250 shares in the last quarter. SG Americas Securities LLC grew its stake in DICK’S Sporting Goods by 1,122.1% during the 4th quarter. SG Americas Securities LLC now owns 80,351 shares of the sporting goods retailer’s stock worth $15,907,000 after purchasing an additional 73,776 shares in the last quarter. Finally, Choreo LLC purchased a new stake in DICK’S Sporting Goods during the 3rd quarter worth about $1,345,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction that occurred on 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 $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’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 sale, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their position. The SEC filing for this sale provides additional information. 28.91% of the stock is owned by insiders.

DICK’S Sporting Goods Stock Up 1.1%

DICK’S Sporting Goods stock opened at $239.78 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $186.67 and a 1-year high of $244.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The stock has a market cap of $21.46 billion, a PE ratio of 22.79, a P/E/G ratio of 2.07 and a beta of 1.19. The stock’s fifty day moving average is $224.11 and its two-hundred day moving average is $211.47.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period last year, the firm earned $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 expect that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm 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 was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.1%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DKS shares. Telsey Advisory Group increased their price target on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. 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 research report on Wednesday, May 27th. DA Davidson restated a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Jefferies Financial Group raised their target price on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. Finally, UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

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.