DICK’S Sporting Goods, Inc. $DKS Shares Sold by KBC Group NV

KBC Group NV lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 17.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,714 shares of the sporting goods retailer’s stock after selling 45,316 shares during the period. KBC Group NV’s holdings in DICK’S Sporting Goods were worth $41,386,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts recently commented on DKS shares. Truist Financial boosted their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. 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. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $240.00 to $270.00 in a research report on Thursday, May 28th. Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Barclays upped their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $214.06 on Tuesday. The firm’s 50 day moving average is $223.21 and its 200-day moving average is $212.69. The stock has a market capitalization of $19.16 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.90 and a beta of 1.19. 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, Inc. has a 12-month low of $186.67 and a 12-month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the previous year, the firm earned $3.37 earnings per share. The firm’s revenue for the quarter was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $1.25 dividend. 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 is currently 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.