Dupree Financial Group LLC Purchases New Holdings in DICK’S Sporting Goods, Inc. $DKS

Dupree Financial Group LLC acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,543 shares of the sporting goods retailer’s stock, valued at approximately $3,677,000. DICK’S Sporting Goods comprises 1.5% of Dupree Financial Group LLC’s portfolio, making the stock its 28th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in DKS. Bank of America Corp DE increased its holdings in shares of DICK’S Sporting Goods by 588.1% in the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after purchasing an additional 3,030,642 shares during the period. Wellington Management Group LLP grew its position in DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after buying an additional 3,013,850 shares during the last quarter. Viking Global Investors LP purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at $509,371,000. Norges Bank acquired a new position in DICK’S Sporting Goods in the 4th quarter valued at $192,639,000. Finally, Atreides Management LP acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $172,715,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the 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 transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, the chairman owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 28.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on DKS shares. BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Truist Financial boosted their price target on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. DA Davidson reissued a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Telsey Advisory Group lifted their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $254.71.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $239.78 on Monday. The firm has a market capitalization of $21.46 billion, a P/E ratio of 22.79, a PEG ratio of 2.09 and a beta of 1.20. DICK’S Sporting Goods, Inc. has a one year low of $186.67 and a one year high of $244.38. The company’s fifty day moving average is $224.11 and its two-hundred day moving average is $211.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50.

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). The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period last 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. 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 business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

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.