Empowered Funds LLC Sells 8,539 Shares of DICK’S Sporting Goods, Inc. $DKS

Empowered Funds LLC lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 48.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,227 shares of the sporting goods retailer’s stock after selling 8,539 shares during the quarter. Empowered Funds LLC’s holdings in DICK’S Sporting Goods were worth $1,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its stake in DICK’S Sporting Goods by 17.7% during the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after acquiring an additional 391,694 shares in the last quarter. Viking Global Investors LP purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth $509,371,000. Geode Capital Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock valued at $242,184,000 after purchasing an additional 16,051 shares during the last quarter. Sachem Head Capital Management LP boosted its holdings in shares of DICK’S Sporting Goods by 21.0% during the 4th quarter. Sachem Head Capital Management LP now owns 1,220,000 shares of the sporting goods retailer’s stock valued at $241,523,000 after purchasing an additional 211,400 shares during the last quarter. Finally, Maverick Capital Ltd. grew its position in shares of DICK’S Sporting Goods by 25.3% during the first quarter. Maverick Capital Ltd. now owns 1,044,903 shares of the sporting goods retailer’s stock valued at $207,194,000 after purchasing an additional 210,654 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DKS shares. Robert W. Baird set a $264.00 target price on DICK’S Sporting Goods in a report on Thursday, May 28th. DA Davidson reissued a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, July 1st. BTIG Research restated a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.19.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $198.94 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK’S Sporting Goods, Inc. has a 1-year low of $186.67 and a 1-year high of $244.38. The firm has a market capitalization of $17.81 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. The company’s 50-day moving average is $218.60 and its 200 day moving average is $212.09.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (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 firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the business earned $3.37 EPS. The firm’s revenue for the quarter was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.53%.

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.