State of Wyoming Purchases Shares of 5,944 DICK’S Sporting Goods, Inc. $DKS

State of Wyoming acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,944 shares of the sporting goods retailer’s stock, valued at approximately $1,348,000.

Other institutional investors have also modified their holdings of the company. Maridea Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at $223,000. Fiduciary Financial Group LLC purchased a new stake in DICK’S Sporting Goods in the second quarter valued at $409,000. Valeo Financial Advisors LLC lifted its position in DICK’S Sporting Goods by 11.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,839 shares of the sporting goods retailer’s stock valued at $417,000 after acquiring an additional 182 shares during the last quarter. Gradient Investments LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at $2,348,000. Finally, PensionDanmark Pensionsforsikringsaktieselskab increased its position in shares of DICK’S Sporting Goods by 7.0% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 8,910 shares of the sporting goods retailer’s stock worth $2,021,000 after purchasing an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on DKS shares. DA Davidson reiterated 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. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Telsey Advisory Group upped their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $258.44.

DICK’S Sporting Goods Stock Down 0.0%

Shares of NYSE DKS opened at $202.24 on Friday. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 52 week low of $186.67 and a 52 week high of $244.38. The firm has a 50-day moving average price of $216.95 and a 200 day moving average price of $211.91. 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 earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share 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 for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the previous year, the company posted $3.37 earnings per share. The company’s quarterly revenue 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. Equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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

About DICK’S Sporting Goods

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.