L2 Asset Management LLC Sells 8,612 Shares of DICK’S Sporting Goods, Inc. $DKS

L2 Asset Management LLC lowered its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 60.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,630 shares of the sporting goods retailer’s stock after selling 8,612 shares during the period. L2 Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $1,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DKS. Bank of America Corp DE grew its position in shares of DICK’S Sporting Goods by 588.1% during 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 purchasing an additional 3,030,642 shares in the last quarter. Wellington Management Group LLP grew its position in shares of DICK’S Sporting Goods by 83.9% during 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 purchasing an additional 3,013,850 shares in the last quarter. Vanguard Group Inc. grew its position in shares of DICK’S Sporting Goods by 17.8% during 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 purchasing an additional 1,015,599 shares in the last quarter. Norges Bank purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $192,639,000. Finally, Atreides Management LP purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth about $172,715,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 210,478 shares of the firm’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 value 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 $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’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 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 disclosure for this sale is available in the SEC filing. 28.91% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $225.44 on Wednesday. The stock has a market capitalization of $20.18 billion, a PE ratio of 21.43, a P/E/G ratio of 1.92 and a beta of 1.19. The business has a 50 day simple moving average of $220.03 and a two-hundred day simple moving average of $210.41. 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, Inc. has a 1-year low of $170.73 and a 1-year high of $237.75.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. DICK’S Sporting Goods’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.53%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DKS. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. Truist Financial increased their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. DA Davidson reiterated a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Morgan Stanley increased their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Barclays increased their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $253.89.

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.