Empowered Funds LLC Reduces Position in DICK’S Sporting Goods, Inc. $DKS

Empowered Funds LLC trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 48.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,227 shares of the sporting goods retailer’s stock after selling 8,539 shares during the quarter. Empowered Funds LLC’s holdings in DICK’S Sporting Goods were worth $1,830,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC purchased a new stake in shares of DICK’S Sporting Goods during the 1st quarter valued at about $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $34,000. Elyxium Wealth LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $35,000. Finally, SHP Wealth Management purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DKS shares. Truist Financial raised their target price 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. Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group increased their price target 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. BTIG Research restated a “buy” rating and issued a $300.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, Telsey Advisory Group lifted their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.19.

DICK’S Sporting Goods Stock Down 0.7%

Shares of DKS stock opened at $198.94 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. DICK’S Sporting Goods, Inc. has a one year low of $186.67 and a one year high of $244.38. The company’s fifty day moving average price is $218.60 and its 200-day moving average price is $212.09. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.75 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the prior year, the company posted $3.37 EPS. The company’s quarterly revenue 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. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

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.