Financial Synergies Wealth Advisors Inc. Takes Position in DICK’S Sporting Goods, Inc. $DKS

Financial Synergies Wealth Advisors Inc. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 4th quarter, Holdings Channel.com reports. The fund acquired 7,305 shares of the sporting goods retailer’s stock, valued at approximately $1,446,000.

Several other large investors also recently modified their holdings of DKS. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 3,030,642 shares during the period. Wellington Management Group LLP raised its position in shares of DICK’S Sporting Goods by 83.9% in 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 purchasing an additional 3,013,850 shares during the period. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 1,015,599 shares during the period. Atreides Management LP bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at about $172,715,000. Finally, Hamlin Capital Management LLC bought a new position in shares of DICK’S Sporting Goods in the third quarter valued at about $157,537,000. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $218.80 on Thursday. DICK’S Sporting Goods, Inc. has a twelve month low of $167.03 and a twelve month 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. The company has a 50-day simple moving average of $208.79 and a two-hundred day simple moving average of $209.34. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 3.00 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the previous year, the company earned $3.62 EPS. The business’s revenue 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. Analysts forecast that DICK’S Sporting Goods, Inc. will post 14.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $5.00 annualized dividend and a yield of 2.3%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is 48.92%.

Insider Activity

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman directly owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 28.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group increased their price objective on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Weiss Ratings raised shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Wells Fargo & Company dropped their price objective 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $246.44.

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.