D.B. Root & Company LLC Invests $6.11 Million in DICK’S Sporting Goods, Inc. $DKS

D.B. Root & Company LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,957 shares of the sporting goods retailer’s stock, valued at approximately $6,114,000. DICK’S Sporting Goods comprises 1.3% of D.B. Root & Company LLC’s holdings, making the stock its 13th largest position.

Several other large investors have also recently bought and sold shares of the stock. State of Wyoming bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $1,348,000. Financial Synergies Wealth Advisors Inc. bought a new position in DICK’S Sporting Goods during the 4th quarter worth $1,446,000. Principal Financial Group Inc. increased its position in DICK’S Sporting Goods by 56.3% during the 4th quarter. Principal Financial Group Inc. now owns 503,077 shares of the sporting goods retailer’s stock worth $99,597,000 after buying an additional 181,223 shares during the period. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $192,639,000. Finally, SCS Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 10.6% during the fourth quarter. SCS Capital Management LLC now owns 71,121 shares of the sporting goods retailer’s stock worth $14,080,000 after buying an additional 6,837 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $183.23 on Monday. The business has a 50-day moving average of $213.93 and a 200-day moving average of $211.41. 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 company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1 year low of $176.07 and a 1 year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The business’s revenue was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities research 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. Stockholders of record on Friday, June 12th were given a dividend of $1.25 per share. The ex-dividend date was Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

Wall Street Analyst Weigh In

Several research firms recently commented on DKS. Jefferies Financial Group upped their price target on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. DA Davidson reiterated a “buy” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday, August 17th. BTIG Research reissued a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. UBS Group upgraded shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research report on Monday, August 10th. Finally, Telsey Advisory Group raised their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.44.

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.