Fifth Third Bancorp Raises Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Fifth Third Bancorp boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2,341.6% during the first quarter, Holdings Channel reports. The firm owned 19,386 shares of the sporting goods retailer’s stock after purchasing an additional 18,592 shares during the quarter. Fifth Third Bancorp’s holdings in DICK’S Sporting Goods were worth $3,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. State Street Corp boosted its position in DICK’S Sporting Goods by 17.7% in the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after purchasing an additional 391,694 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $509,371,000. Geode Capital Management LLC lifted its stake in shares of DICK’S Sporting Goods by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock worth $242,184,000 after purchasing an additional 16,051 shares during the period. Sachem Head Capital Management LP lifted its stake in shares of DICK’S Sporting Goods by 21.0% in the 4th quarter. Sachem Head Capital Management LP now owns 1,220,000 shares of the sporting goods retailer’s stock worth $241,523,000 after purchasing an additional 211,400 shares during the period. Finally, Norges Bank bought a new stake in DICK’S Sporting Goods during the fourth quarter valued at approximately $192,639,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 0.3%

DKS opened at $217.47 on Friday. The firm has a 50-day simple moving average of $223.34 and a two-hundred day simple moving average of $212.51. DICK’S Sporting Goods, Inc. has a 52 week low of $186.67 and a 52 week high of $244.38. The company has a market capitalization of $19.46 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.19. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

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 the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the company earned $3.37 earnings per share. The firm’s 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. Analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

Wall Street Analysts Forecast Growth

DKS has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research note on Wednesday, May 27th. BTIG Research restated a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Telsey Advisory Group raised their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Wells Fargo & Company reiterated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Morgan Stanley boosted their price target on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. One research 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 given a Sell rating to the company. According to MarketBeat.com, the company presently 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.