Universal Beteiligungs und Servicegesellschaft mbH raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,461 shares of the sporting goods retailer’s stock after buying an additional 3,912 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DICK’S Sporting Goods were worth $4,849,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of DICK’S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after buying an additional 3,030,642 shares in the last quarter. Wellington Management Group LLP boosted its stake in DICK’S Sporting Goods by 83.9% in the third 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 in the last quarter. Vanguard Group Inc. boosted its stake in DICK’S Sporting Goods by 17.8% in the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after buying an additional 1,015,599 shares in the last quarter. Atreides Management LP acquired a new stake in DICK’S Sporting Goods in the second quarter valued at about $172,715,000. Finally, Hamlin Capital Management LLC acquired a new stake in DICK’S Sporting Goods in the third quarter valued at about $157,537,000. Institutional investors own 89.83% of the company’s stock.
Insider Transactions at DICK’S Sporting Goods
In other news, 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 directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the transaction, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 32.55% of the stock is owned by company insiders.
DICK’S Sporting Goods Stock Performance
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. The company had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The business’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.62 earnings per share. 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 14.29 earnings per share for the current year.
DICK’S Sporting Goods Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date was Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is 48.92%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on DKS shares. Robert W. Baird set a $253.00 price objective on DICK’S Sporting Goods in a research note on Wednesday, February 11th. Morgan Stanley reduced their price objective on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. DA Davidson set a $260.00 price objective on DICK’S Sporting Goods in a research note on Monday, January 12th. Finally, Wells Fargo & Company reduced their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.89.
Read Our Latest Research Report on DKS
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.
Featured Articles
Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report).
Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.
