Severin Investments LLC Sells 2,743 Shares of DICK’S Sporting Goods, Inc. $DKS

Severin Investments LLC lowered its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 63.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,599 shares of the sporting goods retailer’s stock after selling 2,743 shares during the period. Severin Investments LLC’s holdings in DICK’S Sporting Goods were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DKS. Guggenheim Capital LLC raised its position in DICK’S Sporting Goods by 0.4% during the 2nd quarter. Guggenheim Capital LLC now owns 11,829 shares of the sporting goods retailer’s stock worth $2,340,000 after purchasing an additional 46 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 46 shares during the last quarter. Lido Advisors LLC grew its position in shares of DICK’S Sporting Goods by 3.9% in the 3rd quarter. Lido Advisors LLC now owns 1,358 shares of the sporting goods retailer’s stock valued at $302,000 after buying an additional 51 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of DICK’S Sporting Goods by 36.4% in the third quarter. EverSource Wealth Advisors LLC now owns 236 shares of the sporting goods retailer’s stock valued at $52,000 after buying an additional 63 shares during the period. Finally, OneDigital Investment Advisors LLC raised its position in shares of DICK’S Sporting Goods by 5.5% during the third quarter. OneDigital Investment Advisors LLC now owns 1,263 shares of the sporting goods retailer’s stock worth $281,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DKS shares. Barclays lifted their price objective on DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. DA Davidson set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Monday, January 12th. Wells Fargo & Company lowered their price target on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Robert W. Baird set a $253.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $210.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $236.21.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $190.35 on Thursday. The business’s fifty day moving average is $204.65 and its 200 day moving average is $213.52. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $237.31. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. The stock has a market cap of $17.13 billion, a P/E ratio of 18.63, a P/E/G ratio of 2.71 and a beta of 1.23.

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

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. DICK’S Sporting Goods’s payout ratio is presently 47.46%.

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.