Foster & Motley Inc. Reduces Stock Position in DICK’S Sporting Goods, Inc. $DKS

Foster & Motley Inc. cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 10.7% during the 4th quarter, Holdings Channel reports. The firm owned 24,089 shares of the sporting goods retailer’s stock after selling 2,889 shares during the period. Foster & Motley Inc.’s holdings in DICK’S Sporting Goods were worth $4,769,000 at the end of the most recent quarter.

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

DICK’S Sporting Goods Trading Up 4.0%

DKS opened at $198.33 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $237.31. The stock has a market cap of $17.84 billion, a PE ratio of 19.41, a PEG ratio of 2.71 and a beta of 1.23. The business has a 50 day moving average of $200.88 and a 200-day moving average of $211.77.

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

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 48.92%.

Analysts Set New Price Targets

DKS has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Friday. Truist Financial decreased their price objective on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Wells Fargo & Company dropped their target price on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. DA Davidson set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Finally, Barclays boosted their price target on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.21.

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.