11,383 Shares in DICK’S Sporting Goods, Inc. $DKS Bought by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the first quarter, HoldingsChannel.com reports. The fund purchased 11,383 shares of the sporting goods retailer’s stock, valued at approximately $2,257,000.

Several other institutional investors and hedge funds have also bought and sold shares of DKS. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $30,000. Harbor Investment Advisory LLC acquired a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at approximately $30,000. Laurel Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $35,000. Finally, SHP Wealth Management bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $38,000. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction 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 owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 28.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on DKS shares. Jefferies Financial Group increased their price target on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Truist Financial upped 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. DA Davidson reaffirmed a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Finally, Morgan Stanley boosted their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $254.71.

DICK’S Sporting Goods Price Performance

DKS stock opened at $218.07 on Monday. The company has a 50 day simple moving average of $224.25 and a 200 day simple moving average of $212.35. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.90 and a beta of 1.19. 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.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results 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). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the business earned $3.37 EPS. The business’s quarterly revenue 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. Research 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 was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued 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 dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 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.