Ceredex Value Advisors LLC Takes $21.41 Million Position in DICK’S Sporting Goods, Inc. $DKS

Ceredex Value Advisors LLC bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 94,375 shares of the sporting goods retailer’s stock, valued at approximately $21,405,000. Ceredex Value Advisors LLC owned about 0.11% of DICK’S Sporting Goods as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of DKS. Brown Advisory Inc. grew its stake in DICK’S Sporting Goods by 9.6% in the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after acquiring an additional 100 shares during the period. Cerity Partners LLC increased its stake in DICK’S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after acquiring an additional 562 shares during the last quarter. Bank of Nova Scotia purchased a new position in DICK’S Sporting Goods in the second quarter valued at approximately $417,000. Daiwa Securities Group Inc. raised its stake in shares of DICK’S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock valued at $1,182,000 after acquiring an additional 531 shares during the period. Finally, NewEdge Advisors LLC raised its position in DICK’S Sporting Goods by 4.4% in the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock valued at $584,000 after purchasing an additional 124 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DKS. Robert W. Baird set a $264.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, August 3rd. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. DA Davidson restated a “buy” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday. Finally, Telsey Advisory Group upped their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.44.

DICK’S Sporting Goods Stock Down 5.9%

NYSE DKS opened at $180.03 on Friday. The company has a market capitalization of $16.11 billion, a P/E ratio of 17.11, a PEG ratio of 1.67 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 12 month low of $176.07 and a 12 month high of $244.38. The company’s 50 day simple moving average is $214.68 and its 200 day simple moving average is $211.55. 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 (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the company posted $3.37 EPS. DICK’S Sporting Goods’s revenue 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. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend 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.