Logan Capital Management Inc. Increases Position in DICK’S Sporting Goods, Inc. $DKS

Logan Capital Management Inc. increased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 145,866 shares of the sporting goods retailer’s stock after buying an additional 4,897 shares during the period. DICK’S Sporting Goods accounts for about 1.2% of Logan Capital Management Inc.’s portfolio, making the stock its 16th biggest position. Logan Capital Management Inc.’s holdings in DICK’S Sporting Goods were worth $28,877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. Angelo Gordon & CO. L.P. purchased a new position in shares of DICK’S Sporting Goods in the third quarter worth about $8,640,000. American Century Companies Inc. boosted its stake in DICK’S Sporting Goods by 139.4% during the third quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock worth $91,702,000 after buying an additional 240,272 shares during the period. PNC Financial Services Group Inc. lifted its stake in DICK’S Sporting Goods by 44.6% during the third quarter. PNC Financial Services Group Inc. now owns 34,570 shares of the sporting goods retailer’s stock worth $7,682,000 after purchasing an additional 10,661 shares in the last quarter. Vanguard Group Inc. lifted its stake in DICK’S Sporting Goods by 17.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after acquiring an additional 1,015,599 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd boosted its stake in shares of DICK’S Sporting Goods by 42.4% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock valued at $7,484,000 after purchasing an additional 11,250 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 4.4%

Shares of NYSE:DKS opened at $224.35 on Friday. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.88 and a beta of 1.19. The company has a 50 day moving average of $218.21 and a two-hundred day moving average of $210.09. DICK’S Sporting Goods, Inc. has a 52-week low of $170.73 and a 52-week high of $237.75. 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 announced its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 23.41%. The business’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid 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 is Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Insider Activity

In other news, 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 in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $223.56, for a total transaction 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. This trade represents a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.91% of the stock is currently owned by corporate insiders.

Key Stories Impacting DICK’S Sporting Goods

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: DICK’S Sporting Goods reported 6% first-quarter comparable sales growth, driven by higher traffic and ticket, reinforcing the view that the retailer is taking market share.
• Positive Sentiment: Zacks Research raised earnings estimates for several future periods, including FY2028 and FY2029, pointing to confidence in DKS’s longer-term profit growth.
• Neutral Sentiment: Some analyst forecasts were trimmed for select quarters in FY2027 and FY2028, suggesting near-term expectations are still mixed rather than uniformly bullish.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DKS. Jefferies Financial Group raised their target price on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Morgan Stanley increased their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. DA Davidson reissued a “buy” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Telsey Advisory Group increased 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 note on Wednesday, May 20th. Finally, Truist Financial increased their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $253.89.

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.