Foster & Motley Inc. Sells 2,889 Shares of DICK’S Sporting Goods, Inc. $DKS

Foster & Motley Inc. decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,089 shares of the sporting goods retailer’s stock after selling 2,889 shares during the period. Foster & Motley Inc.’s holdings in DICK’S Sporting Goods were worth $4,769,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in shares of DICK’S Sporting Goods by 5.3% during the 2nd quarter. Prudential Financial Inc. now owns 6,791 shares of the sporting goods retailer’s stock valued at $1,343,000 after buying an additional 340 shares in the last quarter. Korea Investment CORP lifted its position in DICK’S Sporting Goods by 208.8% in the 2nd quarter. Korea Investment CORP now owns 21,706 shares of the sporting goods retailer’s stock worth $4,294,000 after buying an additional 14,677 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in DICK’S Sporting Goods by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 53,688 shares of the sporting goods retailer’s stock worth $10,620,000 after buying an additional 370 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in DICK’S Sporting Goods by 51.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,362 shares of the sporting goods retailer’s stock worth $863,000 after buying an additional 1,484 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its position in DICK’S Sporting Goods by 7.8% during the second quarter. Level Four Advisory Services LLC now owns 1,319 shares of the sporting goods retailer’s stock valued at $261,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Morgan Stanley decreased their price target on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Truist Financial cut their price objective on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $210.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a research report on Monday, March 9th. Finally, Robert W. Baird set a $253.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.21.

DICK’S Sporting Goods Price Performance

DKS opened at $198.33 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The stock’s 50 day simple moving average is $200.88 and its 200 day simple moving average is $211.77. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.71 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The business’s revenue was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 27th. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio is currently 48.92%.

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.