L2 Asset Management LLC Sells 7,935 Shares of DICK’S Sporting Goods, Inc. $DKS

L2 Asset Management LLC trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 35.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,242 shares of the sporting goods retailer’s stock after selling 7,935 shares during the quarter. L2 Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $3,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DKS. Vanguard Group Inc. lifted its stake in shares of DICK’S Sporting Goods by 17.8% in the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after buying an additional 1,015,599 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of DICK’S Sporting Goods by 83.9% during the third quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after buying an additional 3,013,850 shares during the last quarter. Bank of America Corp DE increased its position in shares of DICK’S Sporting Goods by 588.1% during the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after acquiring an additional 3,030,642 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of DICK’S Sporting Goods by 58.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock valued at $316,224,000 after acquiring an additional 523,809 shares in the last quarter. Finally, Atreides Management LP purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $172,715,000. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DKS has been the topic of several analyst reports. Barclays upped their price objective on DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a report on Monday, March 9th. TD Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Morgan Stanley lowered their price target on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $210.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.21.

DICK’S Sporting Goods Trading Down 2.4%

Shares of DKS stock opened at $187.50 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $237.31. The stock has a market capitalization of $16.87 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.68 and a beta of 1.23. The firm’s 50 day moving average is $205.58 and its 200 day moving average is $213.84.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date is Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 48.92%.

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.