Carlson Capital L.P. Acquires Shares of 5,333 DICK’S Sporting Goods, Inc. $DKS

Carlson Capital L.P. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,333 shares of the sporting goods retailer’s stock, valued at approximately $1,057,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DKS. Brown Advisory Inc. increased its holdings in DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock valued at $226,000 after buying an additional 100 shares during the last quarter. Cerity Partners LLC lifted its holdings in DICK’S Sporting Goods by 54.1% during the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after buying an additional 562 shares during the last quarter. Bank of Nova Scotia purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth about $417,000. Daiwa Securities Group Inc. boosted its position in shares of DICK’S Sporting Goods by 9.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after acquiring an additional 531 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of DICK’S Sporting Goods by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after acquiring an additional 124 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their price target for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. Finally, Robert W. Baird set a $264.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.19.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $195.74 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The stock has a market capitalization of $17.52 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.74 and a beta of 1.19. The company’s fifty day moving average is $220.83 and its two-hundred day moving average is $212.49. DICK’S Sporting Goods, Inc. has a 1 year low of $186.67 and a 1 year high of $244.38.

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

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

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.