Ieq Capital LLC Invests $12.50 Million in DICK’S Sporting Goods, Inc. $DKS

Ieq Capital LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, Holdings Channel reports. The fund bought 55,109 shares of the sporting goods retailer’s stock, valued at approximately $12,499,000.

A number of other large investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in DICK’S Sporting Goods in the 1st quarter worth $30,000. Laurel Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at about $34,000. Elyxium Wealth LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at about $35,000. SHP Wealth Management acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at about $38,000. Finally, Torren Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at about $41,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on DKS. Wells Fargo & Company upgraded DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $220.00 to $240.00 in a research note on Monday, August 10th. Barclays raised their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group lifted their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Weiss Ratings cut DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.44.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS opened at $183.23 on Friday. The company has a market cap of $16.40 billion, a PE ratio of 17.42, a P/E/G ratio of 1.60 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a fifty-two week low of $176.07 and a fifty-two week high of $244.38. The firm has a 50-day simple moving average of $213.93 and a 200 day simple moving average of $211.35. 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 (NYSE:DKS) last issued its 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). 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 prior year, the business earned $3.37 EPS. The business’s revenue was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 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.