Diversify Advisory Services LLC Purchases New Holdings in DICK’S Sporting Goods, Inc. $DKS

Diversify Advisory Services LLC acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,225 shares of the sporting goods retailer’s stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth approximately $1,501,321,000. Bank of America Corp DE raised its holdings in DICK’S Sporting Goods by 5.8% in the first quarter. Bank of America Corp DE now owns 3,382,472 shares of the sporting goods retailer’s stock valued at $670,710,000 after acquiring an additional 184,727 shares in the last quarter. State Street Corp raised its holdings in 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 acquiring an additional 391,694 shares in the last quarter. Viking Global Investors LP bought a new position in DICK’S Sporting Goods during the 4th quarter valued at $509,371,000. Finally, Geode Capital Management LLC boosted its stake in DICK’S Sporting Goods by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock valued at $242,184,000 after acquiring an additional 16,051 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DKS. Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Weiss Ratings cut shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $240.00 to $270.00 in a research note on Thursday, May 28th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a report on Thursday, May 28th. Finally, Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $220.00 to $240.00 in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $258.44.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $180.03 on Friday. The firm’s 50 day moving average is $214.68 and its two-hundred day moving average is $211.55. The firm has a market capitalization of $16.11 billion, a P/E ratio of 17.11, a PEG ratio of 1.67 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 52 week low of $176.07 and a 52 week high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last announced 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). The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The company’s revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.8%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 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.