DICK’S Sporting Goods, Inc. $DKS Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 22.0% in the first quarter, HoldingsChannel.com reports. The fund owned 94,419 shares of the sporting goods retailer’s stock after selling 26,643 shares during the period. Royal Bank of Canada’s holdings in DICK’S Sporting Goods were worth $18,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

DICK’S Sporting Goods Trading Down 0.7%

DICK’S Sporting Goods stock opened at $198.94 on Friday. The firm has a market cap of $17.81 billion, a PE ratio of 18.91, a P/E/G ratio of 1.75 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 12 month low of $186.67 and a 12 month high of $244.38. The stock’s 50 day simple moving average is $218.60 and its two-hundred day simple moving average is $212.09. 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 (NYSE:DKS) last posted its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the firm earned $3.37 earnings per share. DICK’S Sporting Goods’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. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.5%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent research reports. DA Davidson reissued a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, July 1st. Morgan Stanley upped their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Barclays increased their price objective on shares of 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. BTIG Research reissued a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Finally, Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.19.

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.