HighTower Advisors LLC Acquires 120,545 Shares of DICK’S Sporting Goods, Inc. $DKS

HighTower Advisors LLC lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 194.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 182,535 shares of the sporting goods retailer’s stock after buying an additional 120,545 shares during the period. HighTower Advisors LLC’s holdings in DICK’S Sporting Goods were worth $36,136,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DKS. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth about $30,000. Clearstead Advisors LLC increased its holdings in shares of DICK’S Sporting Goods by 46.9% in the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC bought a new position in DICK’S Sporting Goods during the 3rd quarter valued at about $33,000. Laurel Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the 4th quarter valued at about $34,000. Finally, Westside Investment Management Inc. grew its holdings in DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Activity at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,534,674.92. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Edward W. Stack sold 210,478 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chairman directly owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 28.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DKS shares. Weiss Ratings upgraded shares of DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating and set a $210.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, March 12th. BTIG Research reiterated a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Wells Fargo & Company cut their price target on shares of DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. One investment 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 issued a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus target price of $246.44.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $221.60 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. The company has a market capitalization of $19.73 billion, a P/E ratio of 21.68, a P/E/G ratio of 3.11 and a beta of 1.21. The company’s 50-day simple moving average is $209.34 and its two-hundred day simple moving average is $209.34. DICK’S Sporting Goods, Inc. has a one year low of $167.03 and a one year high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The company’s revenue for the quarter was up 59.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.62 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, March 27th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s dividend payout ratio is currently 48.92%.

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.