Swiss National Bank Buys 13,600 Shares of DICK’S Sporting Goods, Inc. $DKS

Swiss National Bank increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 194,833 shares of the sporting goods retailer’s stock after purchasing an additional 13,600 shares during the period. Swiss National Bank’s holdings in DICK’S Sporting Goods were worth $38,633,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DKS. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at about $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of DICK’S Sporting Goods in the first quarter worth about $30,000. Laurel Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $35,000. Finally, SHP Wealth Management purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $38,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Up 0.7%

Shares of DICK’S Sporting Goods stock opened at $209.85 on Thursday. DICK’S Sporting Goods, Inc. has a 1 year low of $186.67 and a 1 year high of $244.38. The firm has a market cap of $18.78 billion, a PE ratio of 19.95, a PEG ratio of 1.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The company has a 50 day simple moving average of $222.89 and a two-hundred day simple moving average of $212.84.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.DICK’S Sporting Goods’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DKS shares. DA Davidson reiterated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, July 1st. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Truist Financial upped their price target on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. Finally, Morgan Stanley boosted their target price on 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.71.

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.