Hsbc Holdings PLC Has $8.37 Million Stock Position in DICK’S Sporting Goods, Inc. $DKS

Hsbc Holdings PLC boosted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,240 shares of the sporting goods retailer’s stock after purchasing an additional 3,589 shares during the quarter. Hsbc Holdings PLC’s holdings in DICK’S Sporting Goods were worth $8,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Clearstead Advisors LLC boosted its stake in shares of 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 valued at $32,000 after purchasing an additional 46 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $34,000. Elyxium Wealth LLC bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $35,000. Finally, SHP Wealth Management acquired a new position in DICK’S Sporting Goods in the fourth quarter valued at approximately $38,000. 89.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the sale, the chairman owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares in the company, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. The SEC filing for this sale provides additional information. 28.91% of the stock is owned by corporate insiders.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $239.78 on Friday. The company has a market capitalization of $21.46 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 2.07 and a beta of 1.19. The firm’s 50 day simple moving average is $224.11 and its 200 day simple moving average is $211.47. 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 fifty-two week low of $186.67 and a fifty-two week high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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 firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the firm posted $3.37 EPS. The firm’s revenue for the quarter was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. DICK’S Sporting Goods’s payout ratio is 47.53%.

Analyst Ratings Changes

DKS has been the topic of a number of recent research reports. Telsey Advisory Group raised their price objective on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group upped their target price on shares of 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. JPMorgan Chase & Co. raised DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and increased their price target for the company from $240.00 to $270.00 in a research note on Thursday, May 28th. Morgan Stanley raised their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $254.71.

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.