Diversify Advisory Services LLC Invests $663,000 in DICK’S Sporting Goods, Inc. $DKS

Diversify Advisory Services LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,225 shares of the sporting goods retailer’s stock, valued at approximately $663,000.

Several other hedge funds have also modified their holdings of DKS. Broad Peak Investment Advisers Pte Ltd boosted its holdings in shares of DICK’S Sporting Goods by 42.4% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock worth $7,484,000 after buying an additional 11,250 shares during the period. State of Wyoming acquired a new stake in shares of DICK’S Sporting Goods during the second quarter valued at approximately $1,348,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $1,446,000. SCS Capital Management LLC lifted its position in shares of DICK’S Sporting Goods by 10.6% in the 4th quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock valued at $14,080,000 after acquiring an additional 6,837 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $192,639,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group raised shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research note on Monday, August 10th. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, August 3rd. Jefferies Financial Group raised their target price on 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. Morgan Stanley lifted their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, Barclays upped their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.44.

DICK’S Sporting Goods Trading Down 5.9%

DICK’S Sporting Goods stock opened at $180.03 on Friday. The company’s fifty day simple moving average is $214.68 and its 200-day simple moving average is $211.55. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 12 month low of $176.07 and a 12 month high of $244.38. The stock has a market cap of $16.11 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.67 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly 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 return on equity of 22.22% and a net margin of 4.71%.The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company posted $3.37 earnings per share. The company’s revenue 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. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

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.