First Trust Advisors LP Sells 78,318 Shares of DICK’S Sporting Goods, Inc. $DKS

First Trust Advisors LP lessened its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.8% during the 1st quarter, HoldingsChannel reports. The fund owned 251,179 shares of the sporting goods retailer’s stock after selling 78,318 shares during the quarter. First Trust Advisors LP’s holdings in DICK’S Sporting Goods were worth $49,806,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in DICK’S Sporting Goods in the fourth quarter worth about $30,000. Harbor Investment Advisory LLC bought a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at about $30,000. Laurel Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Elyxium Wealth LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th 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. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.1%

Shares of NYSE DKS opened at $205.93 on Monday. The stock has a market cap of $18.43 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.80 and a beta of 1.19. The firm has a 50 day moving average price of $222.34 and a 200 day moving average price of $212.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK’S Sporting Goods, Inc. has a 52-week low of $186.67 and a 52-week high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $1.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DKS. Jefferies Financial Group raised 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 note on Wednesday, May 27th. Truist Financial increased their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Barclays raised their price target on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, DA Davidson reiterated a “buy” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $254.71.

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.