Centric Wealth Management Acquires Shares of 15,838 DICK’S Sporting Goods, Inc. $DKS

Centric Wealth Management bought a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,838 shares of the sporting goods retailer’s stock, valued at approximately $3,441,000.

Other institutional investors have also made changes to their positions in the company. Viking Global Investors LP acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $509,371,000. Norges Bank acquired a new position in DICK’S Sporting Goods in the 4th quarter worth approximately $192,639,000. Atreides Management LP acquired a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $172,715,000. Raymond James Financial Inc. grew its position 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 purchasing an additional 470,925 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position 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 purchasing an additional 446,890 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 0.0%

DICK’S Sporting Goods stock opened at $202.24 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 has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The firm has a market cap of $18.10 billion, a PE ratio of 19.22, a P/E/G ratio of 1.76 and a beta of 1.21. The firm’s 50 day moving average price is $216.95 and its two-hundred day moving average price is $211.91.

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 (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 company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the business earned $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. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $220.00 to $240.00 in a report on Monday, August 10th. Barclays lifted their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Jefferies Financial Group upped their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Morgan Stanley increased their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $258.44.

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.