Hiddenite Capital Partners LP Has $12.18 Million Stock Position in DICK’S Sporting Goods, Inc. $DKS

Hiddenite Capital Partners LP lessened its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 74.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 61,500 shares of the sporting goods retailer’s stock after selling 175,000 shares during the quarter. DICK’S Sporting Goods comprises 1.6% of Hiddenite Capital Partners LP’s portfolio, making the stock its 19th biggest holding. Hiddenite Capital Partners LP’s holdings in DICK’S Sporting Goods were worth $12,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Advisors LLC increased its holdings in DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter worth about $33,000. Westside Investment Management Inc. increased its holdings in DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after purchasing an additional 76 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in DICK’S Sporting Goods in the 4th quarter worth about $30,000. Finally, Laurel Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’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 completion of the sale, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. This trade represents a 14.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.91% of the company’s stock.

Analyst Ratings Changes

DKS has been the subject of a number of recent research reports. Weiss Ratings raised DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. BTIG Research reaffirmed a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday. Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a report on Wednesday, February 11th. Finally, Morgan Stanley lowered their target price on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.89.

DICK’S Sporting Goods Trading Down 2.4%

NYSE DKS opened at $216.22 on Friday. The business’s 50-day moving average price is $207.87 and its two-hundred day moving average price is $209.72. DICK’S Sporting Goods, Inc. has a 12 month low of $167.03 and a 12 month high of $237.31. The firm has a market capitalization of $19.25 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 3.07 and a beta of 1.21. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the previous year, the company posted $3.62 EPS. The business’s revenue 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, analysts expect that DICK’S Sporting Goods, Inc. will post 14.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $1.25 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date was Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is presently 48.92%.

DICK’S Sporting Goods Company 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.