DICK’S Sporting Goods (NYSE:DKS) Chairman Edward Stack Sells 210,478 Shares

DICK’S Sporting Goods, Inc. (NYSE:DKS) Chairman Edward Stack sold 210,478 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the transaction, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $191.67 on Friday. The firm has a 50 day moving average of $200.15 and a 200 day moving average of $211.49. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.73 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The business had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter last year, the firm earned $3.62 EPS. The business’s revenue for the quarter was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced 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. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is presently 48.92%.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of large investors have recently bought and sold shares of DKS. Vanguard Group Inc. boosted its holdings in shares of DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after acquiring an additional 1,015,599 shares during the last quarter. Wellington Management Group LLP grew 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 valued at $1,468,176,000 after buying an additional 3,013,850 shares during the period. Bank of America Corp DE increased its holdings in DICK’S Sporting Goods by 588.1% in the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after buying an additional 3,030,642 shares in the last quarter. State Street Corp raised its position in shares of DICK’S Sporting Goods by 17.7% in the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after acquiring an additional 391,694 shares during the period. Finally, Viking Global Investors LP purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth about $509,371,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DKS. Truist Financial lowered their price target on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Barclays increased their target price on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Wells Fargo & Company lowered their target price on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a research report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Friday, March 27th. One equities research 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.21.

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.