Daiichi Life Insurance Co. Ltd. Makes New Investment in DICK’S Sporting Goods, Inc. $DKS

Daiichi Life Insurance Co. Ltd. acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,927 shares of the sporting goods retailer’s stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DKS. Harbor Investment Advisory LLC acquired a new position in shares of DICK’S Sporting Goods in the first quarter valued at approximately $30,000. Laurel Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $34,000. Elyxium Wealth LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at $35,000. SHP Wealth Management purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at $38,000. Finally, Torren Management LLC purchased a new position in DICK’S Sporting Goods in the 4th quarter valued at $41,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Down 1.8%

Shares of DICK’S Sporting Goods stock opened at $179.98 on Tuesday. DICK’S Sporting Goods, Inc. has a 12-month low of $175.65 and a 12-month high of $244.38. 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 stock has a market cap of $16.11 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. The company has a 50-day moving average of $213.14 and a two-hundred day moving average of $211.25.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results 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 return on equity of 22.22% and a net margin of 4.71%.DICK’S Sporting Goods’s revenue was up 62.7% compared to the same quarter last year. During the same period last year, the firm earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on DKS. 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 research report on Thursday, May 28th. JPMorgan Chase & Co. lowered their target price on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday. Truist Financial boosted their price target on shares of 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. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, August 3rd. Finally, Morgan Stanley increased their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $256.88.

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.