Sanctuary Advisors LLC Makes New Investment in DICK’S Sporting Goods, Inc. $DKS

Sanctuary Advisors LLC purchased a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, HoldingsChannel reports. The fund purchased 66,798 shares of the sporting goods retailer’s stock, valued at approximately $15,151,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new position in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $34,000. Elyxium Wealth LLC purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $35,000. SHP Wealth Management purchased a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth about $38,000. Finally, Torren Management LLC purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth approximately $41,000. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $183.23 on Monday. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.60 and a beta of 1.21. The stock has a fifty day moving average of $213.93 and a 200 day moving average of $211.41. DICK’S Sporting Goods, Inc. has a 52 week low of $176.07 and a 52 week high of $244.38. 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 (NYSE:DKS) last issued its quarterly earnings data 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). 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 the consensus estimate of $5.07 billion. During the same quarter last year, the company posted $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. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business 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 was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.7%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 47.53%.

Analyst Ratings Changes

Several analysts have recently weighed in on DKS shares. Barclays raised their price objective on shares of 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. Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 3rd. Weiss Ratings downgraded DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, Wells Fargo & Company raised DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $220.00 to $240.00 in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.44.

DICK’S Sporting Goods 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.