Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $32.05 Million Stake in DICK’S Sporting Goods, Inc. $DKS

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 155,706 shares of the sporting goods retailer’s stock after purchasing an additional 13,678 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in DICK’S Sporting Goods were worth $32,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of DKS. Principal Financial Group Inc. raised its position in shares of DICK’S Sporting Goods by 44.1% in the 3rd quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock valued at $71,525,000 after buying an additional 98,557 shares in the last quarter. Angelo Gordon & CO. L.P. bought a new stake in DICK’S Sporting Goods during the third quarter worth $8,640,000. Bank of New York Mellon Corp boosted its holdings in shares of DICK’S Sporting Goods by 13.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock valued at $155,498,000 after purchasing an additional 81,239 shares in the last quarter. National Pension Service increased its stake in shares of DICK’S Sporting Goods by 28.3% in the 3rd quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock valued at $5,951,000 after purchasing an additional 5,914 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of DICK’S Sporting Goods by 139.4% during the 3rd quarter. American Century Companies Inc. now owns 412,661 shares of the sporting goods retailer’s stock worth $91,702,000 after buying an additional 240,272 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares in the company, valued at $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Edward W. Stack sold 210,478 shares of the firm’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 transaction, the chairman owned 6,549,026 shares of the company’s stock, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their position. The SEC filing for this sale provides additional information. 32.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DKS. Truist Financial dropped their target price on shares of DICK’S Sporting Goods from $275.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Telsey Advisory Group restated an “outperform” rating and issued a $245.00 target price on shares of DICK’S Sporting Goods in a research report on Monday, March 9th. Robert W. Baird set a $253.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, February 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $210.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.89.

DICK’S Sporting Goods Trading Down 0.3%

DKS opened at $228.17 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 0.47. DICK’S Sporting Goods, Inc. has a fifty-two week low of $167.03 and a fifty-two week high of $237.31. The company’s 50 day moving average price is $202.77 and its two-hundred day moving average price is $210.20. The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 3.25 and a beta of 1.21.

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

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date was Friday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is 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.