DICK’S Sporting Goods, Inc. $DKS Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 24.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 36,220 shares of the sporting goods retailer’s stock after selling 11,431 shares during the quarter. Sei Investments Co.’s holdings in DICK’S Sporting Goods were worth $7,181,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $30,000. Harbor Investment Advisory LLC purchased a new position in shares of DICK’S Sporting Goods in the first quarter valued at approximately $30,000. Laurel Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $35,000. Finally, SHP Wealth Management acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $38,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Down 0.1%

Shares of DICK’S Sporting Goods stock opened at $195.74 on Monday. The stock has a market cap of $17.52 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.71 and a beta of 1.21. The stock’s 50 day simple moving average is $220.83 and its 200-day simple moving average is $212.46. DICK’S Sporting Goods, Inc. has a 1-year low of $186.67 and a 1-year high of $244.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results 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 company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period in the prior year, the business posted $3.37 EPS. DICK’S Sporting Goods’s revenue for the quarter 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. Analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on DKS. Wells Fargo & Company reiterated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Telsey Advisory Group raised their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Truist Financial lifted their target price on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, DA Davidson reiterated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $257.19.

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.