DICK’S Sporting Goods, Inc. $DKS Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 71.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,727 shares of the sporting goods retailer’s stock after purchasing an additional 3,214 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in DICK’S Sporting Goods were worth $1,530,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DKS. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at $30,000. Clearstead Advisors LLC grew its holdings in DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC bought a new position in DICK’S Sporting Goods during the 3rd quarter valued at $33,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the 4th quarter valued at $34,000. Finally, Westside Investment Management Inc. boosted its stake in DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after acquiring an additional 76 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Up 1.7%

DICK’S Sporting Goods stock opened at $225.89 on Friday. The firm’s 50-day moving average is $206.23 and its 200-day moving average is $209.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. DICK’S Sporting Goods, Inc. has a 1 year low of $167.03 and a 1 year high of $237.31. The company has a market cap of $20.11 billion, a P/E ratio of 22.10, a PEG ratio of 3.21 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. During the same period last year, the firm posted $3.62 EPS. The company’s revenue for the quarter was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities analysts expect that DICK’S Sporting Goods, Inc. will post 14.29 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is 48.92%.

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the transaction, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the transaction, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 32.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company reduced their price objective on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Barclays increased their price objective on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. BTIG Research assumed coverage on shares of DICK’S Sporting Goods in a research note on Thursday, April 16th. They set a “buy” rating and a $300.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average target price of $241.89.

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.