Hamlin Capital Management LLC Lowers Position in DICK’S Sporting Goods, Inc. $DKS

Hamlin Capital Management LLC trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 644,619 shares of the sporting goods retailer’s stock after selling 19,279 shares during the quarter. DICK’S Sporting Goods makes up approximately 3.3% of Hamlin Capital Management LLC’s holdings, making the stock its 18th largest position. Hamlin Capital Management LLC owned 0.72% of DICK’S Sporting Goods worth $146,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of DICK’S Sporting Goods by 13.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,404 shares of the sporting goods retailer’s stock valued at $545,000 after purchasing an additional 278 shares during the period. Harbor Investment Advisory LLC grew its stake in DICK’S Sporting Goods by 370.7% in the second quarter. Harbor Investment Advisory LLC now owns 706 shares of the sporting goods retailer’s stock worth $160,000 after purchasing an additional 556 shares during the period. CoreCap Advisors LLC grew its stake in DICK’S Sporting Goods by 58.7% in the second quarter. CoreCap Advisors LLC now owns 519 shares of the sporting goods retailer’s stock worth $118,000 after purchasing an additional 192 shares during the period. SWP Investment Management LLC raised its holdings in DICK’S Sporting Goods by 3.9% in the second quarter. SWP Investment Management LLC now owns 10,789 shares of the sporting goods retailer’s stock worth $2,447,000 after purchasing an additional 400 shares in the last quarter. Finally, Eastern Bank raised its holdings in DICK’S Sporting Goods by 71.3% in the second quarter. Eastern Bank now owns 166,837 shares of the sporting goods retailer’s stock worth $37,840,000 after purchasing an additional 69,431 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings cut shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wells Fargo & Company reiterated a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Jefferies Financial Group lifted their price target on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Barclays upped their price objective on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.19.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $199.96 on Thursday. The business has a fifty day moving average price of $219.15 and a 200-day moving average price of $212.21. 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 has a market capitalization of $17.90 billion, a PE ratio of 19.01, a PEG ratio of 1.75 and a beta of 1.21. 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 announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The business’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period last year, the company posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

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.