Elevation Point Wealth Partners LLC Invests $2.65 Million in DICK’S Sporting Goods, Inc. $DKS

Elevation Point Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, HoldingsChannel reports. The firm bought 13,320 shares of the sporting goods retailer’s stock, valued at approximately $2,653,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its stake in shares of DICK’S Sporting Goods by 9.6% during the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after acquiring an additional 100 shares during the last quarter. Cerity Partners LLC raised its position in shares of DICK’S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after purchasing an additional 562 shares during the last quarter. Bank of Nova Scotia purchased a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at approximately $417,000. Daiwa Securities Group Inc. boosted its stake in DICK’S Sporting Goods by 9.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after purchasing an additional 531 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in DICK’S Sporting Goods by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DKS has been the topic of several research analyst reports. BTIG Research reissued a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday. Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Jefferies Financial Group boosted their price objective on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. Finally, Truist Financial upped their target price on 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price of $254.71.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares in the company, valued at $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 28.91% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $236.19 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $186.67 and a twelve month high of $244.38. The company’s 50 day moving average is $224.72 and its 200 day moving average is $211.98. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The company has a market cap of $21.14 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last posted 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 analysts’ expectations of $5.07 billion. During the same period in the prior year, the business posted $3.37 earnings per share. The business’s quarterly revenue was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 47.53%.

About DICK’S Sporting Goods

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.