DICK’S Sporting Goods, Inc. $DKS Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 53.9% in the 4th quarter, HoldingsChannel reports. The fund owned 11,312 shares of the sporting goods retailer’s stock after buying an additional 3,960 shares during the quarter. QRG Capital Management Inc.’s holdings in DICK’S Sporting Goods were worth $2,239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC boosted its position in shares of DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after acquiring an additional 46 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $33,000. Westside Investment Management Inc. boosted its position in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after acquiring an additional 76 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $30,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $34,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction that occurred on 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 sale, the chairman directly owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares of the company’s stock, valued at $5,534,674.92. The trade was 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 currently owned by company insiders.

DICK’S Sporting Goods Stock Down 1.8%

Shares of NYSE DKS opened at $222.40 on Friday. The stock has a market cap of $19.80 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 3.22 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 52-week low of $167.03 and a 52-week high of $237.31. The business has a 50-day moving average price of $206.23 and a 200 day moving average price of $209.91.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $6.23 billion during 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 revenue was up 59.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts forecast 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. Shareholders 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 yield of 2.2%. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is 48.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DKS shares. Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $245.00 price objective on shares of DICK’S Sporting Goods in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Friday, March 27th. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Finally, DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a research report on Monday, January 12th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.89.

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.