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

Hsbc Holdings PLC grew its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 42,240 shares of the sporting goods retailer’s stock after buying an additional 3,589 shares during the period. Hsbc Holdings PLC’s holdings in DICK’S Sporting Goods were worth $8,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rubicon Advisors GP bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth about $396,000. Corient Private Wealth LLC lifted its stake in shares of DICK’S Sporting Goods by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 7,135 shares of the sporting goods retailer’s stock valued at $1,413,000 after buying an additional 400 shares during the period. SHP Wealth Management bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $38,000. Caitong International Asset Management Co. Ltd acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $185,000. Finally, Clearwave Capital LLC acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth about $576,000. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial upped their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Barclays boosted their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Telsey Advisory Group upped their target price on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group raised their target price 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. One investment 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. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average price target of $254.71.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $215.55 on Thursday. The firm 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. 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, Inc. has a 12-month low of $186.67 and a 12-month high of $244.38. The firm has a 50-day moving average price of $224.48 and a 200 day moving average price of $212.26.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data 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 net margin of 4.71% and a return on equity of 22.22%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same period in the previous year, the firm posted $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. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is 47.53%.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction 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 completion of the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 28.91% of the stock is owned by corporate insiders.

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.