Hennion & Walsh Asset Management Inc. Cuts Holdings in DICK’S Sporting Goods, Inc. $DKS

Hennion & Walsh Asset Management Inc. trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 61.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,905 shares of the sporting goods retailer’s stock after selling 4,553 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in DICK’S Sporting Goods were worth $659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of DICK’S Sporting Goods during the first quarter valued at $30,000. Laurel Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at $34,000. Elyxium Wealth LLC bought a new stake in DICK’S Sporting Goods in the 4th quarter worth about $35,000. Finally, SHP Wealth Management bought a new stake in DICK’S Sporting Goods in the 4th quarter worth about $38,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.0%

DKS opened at $202.24 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 1-year low of $186.67 and a 1-year high of $244.38. The company has a market capitalization of $18.10 billion, a PE ratio of 19.22, a PEG ratio of 1.76 and a beta of 1.21. The firm’s 50 day simple moving average is $216.95 and its two-hundred day simple moving average is $211.91.

DICK’S Sporting Goods (NYSE:DKS) last issued 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 return on equity of 22.22% and a net margin of 4.71%.The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the prior year, the business earned $3.37 EPS. The company’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, equities analysts forecast that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BTIG Research reissued 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. Wells Fargo & Company raised shares of DICK’S Sporting Goods from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $220.00 to $240.00 in a report on Monday. Barclays lifted their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group boosted their price objective on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a report on Wednesday, May 27th. Finally, Robert W. Baird set a $264.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.44.

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.