Principal Financial Group Inc. Buys 131,797 Shares of DICK’S Sporting Goods, Inc. $DKS

Principal Financial Group Inc. grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 26.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 634,874 shares of the sporting goods retailer’s stock after acquiring an additional 131,797 shares during the quarter. Principal Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $125,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings 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 valued at $579,226,000 after purchasing an additional 391,694 shares during the last quarter. Viking Global Investors LP bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at about $509,371,000. Geode Capital Management LLC boosted its holdings in DICK’S Sporting Goods by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock worth $242,184,000 after purchasing an additional 16,051 shares during the last quarter. Sachem Head Capital Management LP grew its position in DICK’S Sporting Goods by 21.0% in the 4th quarter. Sachem Head Capital Management LP now owns 1,220,000 shares of the sporting goods retailer’s stock worth $241,523,000 after purchasing an additional 211,400 shares in the last quarter. Finally, Norges Bank bought a new stake in DICK’S Sporting Goods in the 4th quarter worth about $192,639,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented 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 note on Wednesday, May 20th. DA Davidson restated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, July 1st. Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Robert W. Baird set a $264.00 price target on DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Barclays lifted their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

Insider Activity at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction on Friday, April 17th. The stock was 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 owned 24,757 shares in the company, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.91% of the stock is owned by corporate insiders.

DICK’S Sporting Goods Trading Down 1.1%

Shares of DKS stock opened at $208.99 on Thursday. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The firm has a market cap of $18.70 billion, a P/E ratio of 19.87, a PEG ratio of 1.84 and a beta of 1.19. The company has a 50 day moving average of $223.62 and a 200-day moving average of $212.43. DICK’S Sporting Goods, Inc. has a 12-month low of $186.67 and a 12-month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the company posted $3.37 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 62.7% on a year-over-year basis. 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 14.24 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

DICK’S Sporting Goods 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.