Bank of America Corp DE Boosts Stock Position in DICK’S Sporting Goods, Inc. $DKS

Bank of America Corp DE increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,382,472 shares of the sporting goods retailer’s stock after acquiring an additional 184,727 shares during the period. Bank of America Corp DE’s holdings in DICK’S Sporting Goods were worth $670,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DKS. Viking Global Investors LP acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth about $509,371,000. Norges Bank acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $192,639,000. Atreides Management LP acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $172,715,000. Raymond James Financial Inc. increased its stake in DICK’S Sporting Goods by 274.3% during the 3rd quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer’s stock worth $142,797,000 after buying an additional 470,925 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in DICK’S Sporting Goods by 8,305.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 452,271 shares of the sporting goods retailer’s stock worth $83,895,000 after buying an additional 446,890 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DKS. BTIG Research reissued a “buy” rating and issued a $300.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. Weiss Ratings cut 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 lifted their target price on 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, Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.19.

DICK’S Sporting Goods Stock Down 2.1%

Shares of DICK’S Sporting Goods stock opened at $195.74 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 52-week low of $186.67 and a 52-week high of $244.38. The company has a market capitalization of $17.52 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.74 and a beta of 1.19. The company has a 50 day moving average of $220.83 and a 200 day moving average of $212.49.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data 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). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the company posted $3.37 earnings per share. The company’s revenue for the quarter was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, research analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

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 $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

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.