Hsbc Holdings PLC Acquires 3,589 Shares of DICK’S Sporting Goods, Inc. $DKS

Hsbc Holdings PLC raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,240 shares of the sporting goods retailer’s stock after acquiring an additional 3,589 shares during the quarter. Hsbc Holdings PLC’s holdings in DICK’S Sporting Goods were worth $8,373,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DKS. Wellington Management Group LLP raised its holdings in shares of DICK’S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after purchasing an additional 3,013,850 shares in the last quarter. Bank of America Corp DE boosted its holdings in DICK’S Sporting Goods by 588.1% in the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after purchasing an additional 3,030,642 shares in the last quarter. State Street Corp boosted its holdings 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 in the last quarter. Viking Global Investors LP acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $509,371,000. Finally, Geode Capital Management LLC increased its position in DICK’S Sporting Goods by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,226,792 shares of the sporting goods retailer’s stock worth $242,184,000 after buying an additional 16,051 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the firm’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 value of $925,538.40. Following the sale, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 28.91% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $215.55 on Thursday. The company has a market capitalization of $19.29 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a one year low of $186.67 and a one year high of $244.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38. The company’s fifty day moving average price is $224.48 and its 200 day moving average price is $212.26.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The firm had revenue of $5.16 billion for 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 was up 62.7% on a year-over-year basis. During the same quarter last year, the company earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.3%. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

Analyst Ratings Changes

DKS has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. Morgan Stanley increased their price objective 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. Wells Fargo & Company reissued a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. DA Davidson restated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. Finally, Robert W. Baird set a $264.00 target price on DICK’S Sporting Goods in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average 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.