Hamlin Capital Management LLC Boosts Position in DICK’S Sporting Goods, Inc. $DKS

Hamlin Capital Management LLC increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.2% during the 4th quarter, HoldingsChannel reports. The fund owned 760,093 shares of the sporting goods retailer’s stock after acquiring an additional 51,169 shares during the quarter. DICK’S Sporting Goods comprises approximately 3.6% of Hamlin Capital Management LLC’s portfolio, making the stock its 18th biggest holding. Hamlin Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $150,476,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Clearstead Advisors LLC increased its position in DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $33,000. Westside Investment Management Inc. boosted its holdings in DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $39,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of DICK’S Sporting Goods by 7,000.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 213 shares of the sporting goods retailer’s stock valued at $47,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DKS shares. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Wells Fargo & Company cut their target price on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Telsey Advisory Group restated an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a research report on Monday, March 9th. Finally, Truist Financial decreased their price target on DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.21.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $190.11 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $237.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53. The company has a 50 day moving average price of $203.66 and a 200 day moving average price of $213.25. The stock has a market capitalization of $17.10 billion, a P/E ratio of 18.60, a PEG ratio of 2.71 and a beta of 1.23.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.06 billion. During the same quarter in the previous year, the company earned $3.62 earnings per share. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $1.25 dividend. The ex-dividend date is Friday, March 27th. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.46%.

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.