Fisher Asset Management LLC Sells 210,196 Shares of DICK’S Sporting Goods, Inc. $DKS

Fisher Asset Management LLC lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 93.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,380 shares of the sporting goods retailer’s stock after selling 210,196 shares during the period. Fisher Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $3,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DKS. Brown Advisory Inc. boosted its position in shares of DICK’S Sporting Goods by 9.6% during the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after purchasing an additional 100 shares in the last quarter. Cerity Partners LLC boosted its position in shares of DICK’S Sporting Goods by 54.1% during the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $316,000 after purchasing an additional 562 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth about $417,000. Daiwa Securities Group Inc. boosted its position in shares of DICK’S Sporting Goods by 9.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after purchasing an additional 531 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of DICK’S Sporting Goods by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

Shares of NYSE DKS opened at $226.53 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $170.73 and a fifty-two week high of $237.75. The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.12 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.50. The firm’s 50-day simple moving average is $212.92 and its 200 day simple moving average is $209.71.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share 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 the consensus estimate of $5.07 billion. During the same period in the previous year, the business posted $3.37 EPS. DICK’S Sporting Goods’s revenue 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. As a group, research analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.25 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 48.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DKS shares. DA Davidson reissued a “buy” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday. Barclays increased 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. Jefferies Financial Group increased their price objective on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Finally, Robert W. Baird set a $264.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.89.

Insider Activity

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $223.56, for a total value of $925,538.40. Following the completion of the sale, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the sale, the chairman 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 position. The disclosure for this sale is available in the SEC filing. 28.91% of the stock is currently owned by company insiders.

Key Stories Impacting DICK’S Sporting Goods

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: DICK’S reported strong Q1 performance, with revenue beating expectations and comparable sales rising 6%, suggesting the core business remains healthy. DICK’S Sporting Goods, Inc. Reports First Quarter Results
• Positive Sentiment: Foot Locker posted its first positive sales growth in nearly three years, easing concerns about the acquisition and signaling the turnaround may be gaining traction. Dick’s Sporting Goods reports first positive sales at Foot Locker in nearly three years
• Positive Sentiment: Several Wall Street firms turned more constructive on DKS, including JPMorgan’s upgrade to overweight and higher price targets from BTIG and DA Davidson, reflecting confidence in the growth story. JPMorgan upgrade coverage
• Neutral Sentiment: The company raised its sales outlook but trimmed full-year profit guidance, indicating that Foot Locker integration costs are pressuring margins even as revenue trends improve. Dick’s Sporting Goods trims profit outlook as Foot Locker overhaul pressures margins
• Neutral Sentiment: Analysts remain mixed on the stock: some see upside from the Foot Locker strategy, while others note the near-term earnings and margin risk from the turnaround effort. DKS Stock In Focus: Wall Street Sees Promise And Risks In Dick’s Sporting, Foot Locker Strategy
• Negative Sentiment: Q1 earnings came in slightly below expectations, and the lower full-year EPS outlook appears to be the main reason some investors are cautious despite the sales beat. Dick’s Sporting Goods shares slide as it cuts full-year profit outlook

DICK’S Sporting Goods Company 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.