Renaissance Technologies LLC Makes New Investment in DICK’S Sporting Goods, Inc. $DKS

Renaissance Technologies LLC bought a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, Holdings Channel reports. The firm bought 67,939 shares of the sporting goods retailer’s stock, valued at approximately $13,472,000.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new position in DICK’S Sporting Goods during the first quarter valued at approximately $30,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth approximately $35,000. Finally, SHP Wealth Management purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DKS shares. Robert W. Baird set a $264.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Jefferies Financial Group increased their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, Truist Financial upped their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $257.19.

DICK’S Sporting Goods Stock Performance

DKS opened at $195.74 on Friday. The company’s 50 day moving average is $220.83 and its 200 day moving average is $212.49. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The company has a market cap of $17.52 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.74 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 12-month low of $186.67 and a 12-month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results 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 business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the company posted $3.37 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

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.