LSV Asset Management Sells 248,840 Shares of DICK’S Sporting Goods, Inc. $DKS

LSV Asset Management cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 44.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 311,110 shares of the sporting goods retailer’s stock after selling 248,840 shares during the quarter. LSV Asset Management’s holdings in DICK’S Sporting Goods were worth $61,590,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position 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 worth $1,493,099,000 after buying an additional 1,015,599 shares during the last quarter. Wellington Management Group LLP lifted its position 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 worth $1,468,176,000 after buying an additional 3,013,850 shares during the last quarter. Bank of America Corp DE lifted its position in DICK’S Sporting Goods by 588.1% in the third 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 during the last quarter. State Street Corp lifted its position in DICK’S Sporting Goods by 17.7% in the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after buying an additional 391,694 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in DICK’S Sporting Goods by 58.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after buying an additional 523,809 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the business’s 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 transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $231.25 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The business has a 50-day moving average price of $210.05 and a 200 day moving average price of $209.49. The company has a market capitalization of $20.59 billion, a P/E ratio of 22.63, a PEG ratio of 3.29 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 1-year low of $167.03 and a 1-year high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm’s quarterly revenue was up 59.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.25 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a 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 of this dividend was Friday, March 27th. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

Analyst Ratings Changes

A number of analysts recently issued reports on DKS shares. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their target price on DICK’S Sporting Goods from $228.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company decreased their target price on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, Weiss Ratings upgraded DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $246.72.

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.