Clearwave Capital LLC Takes Position in DICK’S Sporting Goods, Inc. $DKS

Clearwave Capital LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,909 shares of the sporting goods retailer’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Angelo Gordon & CO. L.P. purchased a new position in shares of DICK’S Sporting Goods in the third quarter worth approximately $8,640,000. American Century Companies Inc. boosted its stake in shares of DICK’S Sporting Goods by 139.4% during the 3rd quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock worth $91,702,000 after acquiring an additional 240,272 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of DICK’S Sporting Goods by 44.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 34,570 shares of the sporting goods retailer’s stock valued at $7,682,000 after acquiring an additional 10,661 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd increased its holdings in shares of DICK’S Sporting Goods by 42.4% during the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 37,804 shares of the sporting goods retailer’s stock valued at $7,484,000 after acquiring an additional 11,250 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after acquiring an additional 1,015,599 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DKS shares. BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. DA Davidson restated a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Robert W. Baird set a $264.00 price target on DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.89.

DICK’S Sporting Goods Stock Down 0.3%

DICK’S Sporting Goods stock opened at $232.27 on Friday. 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 1-year low of $170.73 and a 1-year high of $237.75. The company has a fifty day simple moving average of $221.71 and a 200 day simple moving average of $210.87. The company has a market cap of $20.79 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the firm earned $3.37 EPS. DICK’S Sporting Goods’s quarterly 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. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.53%.

Insider Activity at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the transaction, the chairman directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’s 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 completion of the sale, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. This represents a 14.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 28.91% of the company’s stock.

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.