Burney Co. Sells 10,946 Shares of DICK’S Sporting Goods, Inc. $DKS

Burney Co. cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19.6% during the 1st quarter, HoldingsChannel reports. The fund owned 44,966 shares of the sporting goods retailer’s stock after selling 10,946 shares during the quarter. Burney Co.’s holdings in DICK’S Sporting Goods were worth $8,916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in DICK’S Sporting Goods in the 4th quarter worth $30,000. Harbor Investment Advisory LLC bought a new stake in DICK’S Sporting Goods in the first quarter worth $30,000. Laurel Wealth Advisors LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at about $34,000. Elyxium Wealth LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter valued at about $35,000. Finally, SHP Wealth Management bought a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at about $38,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DKS shares. Barclays lifted their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Telsey Advisory Group raised their price target on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Truist Financial lifted their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.71.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was 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 of the company’s stock, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $229.03 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $224.81 and a 200-day moving average of $212.11. The firm has a market cap of $20.50 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.06 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 1-year low of $186.67 and a 1-year high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results 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 business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the business earned $3.37 earnings per share. 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. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 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.