CenterBook Partners LP Invests $2.45 Million in DICK’S Sporting Goods, Inc. $DKS

CenterBook Partners LP purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 12,397 shares of the sporting goods retailer’s stock, valued at approximately $2,454,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $49,000. Parallel Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 5.9% during the 4th quarter. Parallel Advisors LLC now owns 980 shares of the sporting goods retailer’s stock worth $194,000 after buying an additional 55 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of DICK’S Sporting Goods by 16.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,680 shares of the sporting goods retailer’s stock worth $1,322,000 after buying an additional 933 shares during the last quarter. State of Wyoming increased its holdings in shares of DICK’S Sporting Goods by 96.5% during the 4th quarter. State of Wyoming now owns 3,537 shares of the sporting goods retailer’s stock worth $700,000 after buying an additional 1,737 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of DICK’S Sporting Goods by 9.3% during the 4th quarter. TD Asset Management Inc now owns 12,829 shares of the sporting goods retailer’s stock worth $2,540,000 after buying an additional 1,092 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Telsey Advisory Group lifted their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. UBS Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. Weiss Ratings downgraded shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, BTIG Research reiterated a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average target price of $253.89.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction on Friday, April 17th. The shares were sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the sale, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the sale, the chairman directly owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. This trade represents a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.91% of the stock is currently owned by insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $220.00 on Wednesday. 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 52 week low of $170.73 and a 52 week high of $237.75. The stock has a market capitalization of $19.59 billion, a PE ratio of 20.91, a P/E/G ratio of 1.86 and a beta of 1.19. The firm has a 50 day moving average of $217.21 and a two-hundred day moving average of $209.90.

DICK’S Sporting Goods (NYSE:DKS) last issued 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). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 23.41%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the business earned $3.37 EPS. The business’s quarterly 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, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, June 12th. DICK’S Sporting Goods’s payout ratio is 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.