Cwm LLC Sells 7,673 Shares of DICK’S Sporting Goods, Inc. $DKS

Cwm LLC trimmed its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 81.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,778 shares of the sporting goods retailer’s stock after selling 7,673 shares during the period. Cwm LLC’s holdings in DICK’S Sporting Goods were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of DKS. Bank of America Corp DE raised its stake in shares of DICK’S Sporting Goods by 588.1% during 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 acquiring an additional 3,030,642 shares in the last quarter. Wellington Management Group LLP raised its position in DICK’S Sporting Goods by 83.9% during the 3rd 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 purchasing an additional 3,013,850 shares in the last quarter. Vanguard Group Inc. raised its position in DICK’S Sporting Goods by 17.8% during 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 purchasing an additional 1,015,599 shares in the last quarter. Atreides Management LP purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $172,715,000. Finally, Hamlin Capital Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth $157,537,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Down 0.8%

DICK’S Sporting Goods stock opened at $225.08 on Friday. The stock has a 50-day moving average price of $205.56 and a 200 day moving average price of $210.25. The company has a market capitalization of $20.04 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 3.19 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 52 week low of $167.03 and a 52 week high of $237.31. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.06 billion. During the same period last year, the firm posted $3.62 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 59.9% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a dividend of $1.25 per share. 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 2.2%. The ex-dividend date was Friday, March 27th. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

Wall Street Analyst Weigh In

DKS has been the topic of several research reports. Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a research note on Wednesday, February 11th. BTIG Research assumed coverage on shares of DICK’S Sporting Goods in a research report on Thursday, April 16th. They set a “buy” rating and a $300.00 target price on the stock. Morgan Stanley reduced their price target on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Wells Fargo & Company cut their price objective on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $210.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.89.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the sale, the chairman owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the transaction, the executive vice president owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 32.55% of the stock is currently owned by corporate insiders.

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.