Royal Bank of Canada Lowers Holdings in DICK’S Sporting Goods, Inc. $DKS

Royal Bank of Canada lowered its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 22.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,419 shares of the sporting goods retailer’s stock after selling 26,643 shares during the quarter. Royal Bank of Canada owned approximately 0.11% of DICK’S Sporting Goods worth $18,723,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Viking Global Investors LP bought a new stake in DICK’S Sporting Goods during the 4th quarter valued at $509,371,000. Norges Bank bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $192,639,000. Atreides Management LP bought a new stake in shares of DICK’S Sporting Goods in the second quarter valued at about $172,715,000. Raymond James Financial Inc. lifted its stake in DICK’S Sporting Goods by 274.3% in the third quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer’s stock worth $142,797,000 after acquiring an additional 470,925 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in DICK’S Sporting Goods by 8,305.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 452,271 shares of the sporting goods retailer’s stock worth $83,895,000 after acquiring an additional 446,890 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DKS shares. Truist Financial raised their target price on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Telsey Advisory Group upped their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. BTIG Research reiterated a “buy” rating and set a $300.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $240.00 to $270.00 in a research note on Thursday, May 28th. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $257.19.

DICK’S Sporting Goods Trading Down 0.7%

NYSE DKS opened at $198.94 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $186.67 and a 52 week high of $244.38. The company has a 50 day moving average price of $218.60 and a 200 day moving average price of $212.09. 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 $17.81 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (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 business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the previous year, the company posted $3.37 earnings per share. The business’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. As a group, sell-side analysts forecast 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 given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

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.