Angelo Gordon & CO. L.P. Takes $8.64 Million Position in DICK’S Sporting Goods, Inc. $DKS

Angelo Gordon & CO. L.P. bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,880 shares of the sporting goods retailer’s stock, valued at approximately $8,640,000. DICK’S Sporting Goods comprises 1.1% of Angelo Gordon & CO. L.P.’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of DKS. Wellington Management Group LLP increased its position in 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 buying an additional 3,013,850 shares during the last quarter. Vanguard Group Inc. raised its stake 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 valued at $1,493,099,000 after buying an additional 1,015,599 shares during the period. Atreides Management LP acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $172,715,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $136,483,000. Finally, Browning West LP bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $115,719,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $192.60 on Friday. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $237.31. The company’s 50 day moving average price is $205.97 and its two-hundred day moving average price is $214.12. The firm has a market cap of $17.33 billion, a PE ratio of 18.85, a PEG ratio of 2.70 and a beta of 1.23. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 29.78%. The firm’s quarterly revenue was up 59.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $5.00 annualized dividend and a yield of 2.6%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is presently 47.46%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. DA Davidson set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Monday, January 12th. Barclays upped their price objective on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a report on Friday. Finally, Morgan Stanley cut their target price on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.21.

DICK’S Sporting Goods News Summary

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

• Positive Sentiment: Q4 results beat expectations: record consolidated revenue (~$6.23B) and solid comparable‑store strength; management highlighted sales momentum and progress on Foot Locker integration. Press Release
• Positive Sentiment: Barclays hiked its price target to $264 and moved DKS to “overweight,” signaling bullish analyst conviction that upside remains from the post‑earnings momentum. Benzinga
• Positive Sentiment: Board raised the quarterly dividend to $1.25 (≈3% increase; ~2.5% yield), and the company reiterated capital‑return priorities (buybacks remain a focus), which supports shareholder value over time.
• Positive Sentiment: Bullish commentary by MarketBeat argues for a late‑year inflection as integration costs fade, supporting a multi‑quarter recovery thesis. MarketBeat
• Neutral Sentiment: Morgan Stanley trimmed its target to $250 but kept an “overweight” view — a milder tweak that signals continued medium‑term support despite near‑term concerns. Benzinga
• Neutral Sentiment: Earnings call transcript and analyst writeups are available for deeper read; useful for tracking management detail on Foot Locker margins and timing of the expected profitability inflection. Earnings Call Transcript
• Neutral Sentiment: Brand/marketing initiative: the company’s Cookie Jar & A Dream Studios is premiering a documentary at SXSW — positive for brand but unlikely to move near‑term fundamentals. PR Newswire
• Negative Sentiment: Profit guidance and margin pressure: FY‑2026 adjusted EPS guidance ($13.50–$14.50) came in below some consensus/expectations and management flagged near‑term profitability drag from Foot Locker integration — a core reason for selling pressure. CNBC
• Negative Sentiment: Analyst downgrades/target cuts: Wells Fargo cut its target to $200 and moved to “equal weight,” reflecting skepticism on near‑term upside and weighing on sentiment. Benzinga
• Negative Sentiment: Profitability hit: reported GAAP profits fell materially (reported commentary noted a ~57% decline year‑over‑year), largely due to acquisition and integration costs for Foot Locker. CNBC
• Negative Sentiment: Unusual options flow: a spike in put buying signaled hedging or bearish positioning, which can amplify downward moves in the short term.

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.