Kestra Private Wealth Services LLC Reduces Position in DICK’S Sporting Goods, Inc. $DKS

Kestra Private Wealth Services LLC decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,711 shares of the sporting goods retailer’s stock after selling 3,209 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in DICK’S Sporting Goods were worth $1,331,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the transaction, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 28.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DKS. Telsey Advisory Group boosted their target price 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. Truist Financial lifted their price objective on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Jefferies Financial Group boosted their price objective 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. Barclays upped their target price on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $231.72 on Tuesday. The firm has a market cap of $20.74 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.09 and a beta of 1.20. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 12 month low of $186.67 and a 12 month high of $244.38. The stock’s fifty day moving average price is $224.38 and its 200-day moving average price is $211.51.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data 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 net margin of 4.71% and a return on equity of 22.22%. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the previous year, the firm earned $3.37 earnings per share. The business’s revenue 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. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 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.