112,451 Shares in DICK’S Sporting Goods, Inc. $DKS Acquired by Deutsche Bank AG

Deutsche Bank AG bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, Holdings Channel reports. The fund bought 112,451 shares of the sporting goods retailer’s stock, valued at approximately $25,505,000.

A number of other large investors have also added to or reduced their stakes in DKS. Brown Advisory Inc. raised its stake in DICK’S Sporting Goods by 9.6% during the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock valued at $226,000 after purchasing an additional 100 shares in the last quarter. Cerity Partners LLC increased its stake in DICK’S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after acquiring an additional 562 shares during the last quarter. Bank of Nova Scotia purchased a new stake in DICK’S Sporting Goods during the second quarter valued at approximately $417,000. Daiwa Securities Group Inc. lifted its stake in shares of DICK’S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock valued at $1,182,000 after purchasing an additional 531 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of DICK’S Sporting Goods by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. UBS Group upgraded DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a report on Monday, August 10th. Jefferies Financial Group increased their price target on 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. Truist Financial upped their price objective on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Robert W. Baird set a $264.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.44.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $183.23 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The stock’s 50 day moving average price is $213.93 and its 200 day moving average price is $211.35. The firm has a market capitalization of $16.40 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a one year low of $176.07 and a one year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the firm posted $3.37 EPS. The company’s revenue was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal 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 issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.53%.

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.