HS Management Partners LLC Has $17.39 Million Stake in DICK’S Sporting Goods, Inc. $DKS

HS Management Partners LLC lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 30.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,678 shares of the sporting goods retailer’s stock after selling 38,707 shares during the quarter. DICK’S Sporting Goods accounts for 6.1% of HS Management Partners LLC’s investment portfolio, making the stock its 4th largest position. HS Management Partners LLC’s holdings in DICK’S Sporting Goods were worth $17,386,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of DICK’S Sporting Goods by 83.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after buying an additional 3,013,850 shares during the last quarter. Bank of America Corp DE increased its holdings in DICK’S Sporting Goods by 588.1% during the third quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after buying an additional 3,030,642 shares during the last quarter. State Street Corp increased its holdings in DICK’S Sporting Goods by 17.7% during the third quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock worth $579,226,000 after buying an additional 391,694 shares during the last quarter. Viking Global Investors LP bought a new stake in DICK’S Sporting Goods in the fourth quarter worth about $509,371,000. Finally, Dimensional Fund Advisors LP raised its position in DICK’S Sporting Goods by 58.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after acquiring an additional 523,809 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods 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 transaction, the executive vice president directly owned 24,757 shares in the company, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $236.19 on Friday. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company has a market cap of $21.14 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 52 week low of $186.67 and a 52 week high of $244.38. The firm’s 50-day simple moving average is $224.72 and its two-hundred day simple moving average is $211.98.

DICK’S Sporting Goods (NYSE:DKS) last posted its 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 during the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the previous year, the business earned $3.37 EPS. DICK’S Sporting Goods’s revenue for the quarter 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. Research analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 47.53%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DKS shares. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wells Fargo & Company restated a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $240.00 to $270.00 in a report on Thursday, May 28th. Barclays upped their price objective on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Telsey Advisory Group increased their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $254.71.

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.