Riverbridge Partners LLC Makes New $1.17 Million Investment in DICK’S Sporting Goods, Inc. $DKS

Riverbridge Partners LLC bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,897 shares of the sporting goods retailer’s stock, valued at approximately $1,167,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of DICK’S Sporting Goods by 44.1% during the third quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock worth $71,525,000 after acquiring an additional 98,557 shares in the last quarter. Norges Bank purchased a new position in shares of DICK’S Sporting Goods in the second quarter valued at $136,483,000. Bank of New York Mellon Corp grew its position in shares of DICK’S Sporting Goods by 13.1% in the third quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock valued at $155,498,000 after purchasing an additional 81,239 shares in the last quarter. Angelo Gordon & CO. L.P. bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $8,640,000. Finally, National Pension Service raised its stake in shares of DICK’S Sporting Goods by 28.3% during the 3rd quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock valued at $5,951,000 after purchasing an additional 5,914 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $210.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. DA Davidson set a $260.00 price target on DICK’S Sporting Goods in a research report on Monday, January 12th. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Barclays raised their price objective on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.21.

DICK’S Sporting Goods Trading Down 1.4%

Shares of DKS stock opened at $189.61 on Friday. The company has a market capitalization of $17.06 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.74 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $237.31. The business’s fifty day moving average is $201.54 and its 200 day moving average is $212.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same period in the previous year, the business earned $3.62 earnings per share. The firm’s 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. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business 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 $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. This is a positive change 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 47.46%.

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.