Louisiana State Employees Retirement System Makes New $3.83 Million Investment in DICK’S Sporting Goods, Inc. $DKS

Louisiana State Employees Retirement System acquired a new stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 19,300 shares of the sporting goods retailer’s stock, valued at approximately $3,827,000.

A number of other hedge funds also recently made changes to their positions in the stock. Brown Advisory Inc. grew its position in DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after acquiring an additional 100 shares in the last quarter. Cerity Partners LLC raised its position in DICK’S Sporting Goods by 54.1% during the second quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after purchasing an additional 562 shares in the last quarter. Bank of Nova Scotia purchased a new stake in DICK’S Sporting Goods during the second quarter valued at about $417,000. Daiwa Securities Group Inc. lifted its stake in DICK’S Sporting Goods by 9.8% during the second 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 during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in DICK’S Sporting Goods by 4.4% during the second 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 during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Trading Up 1.1%

NYSE:DKS opened at $239.78 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 fifty day moving average of $224.11 and a 200 day moving average of $211.47. The firm has a market capitalization of $21.46 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.09 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.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the company earned $3.37 EPS. The company’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. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their price objective on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Barclays increased their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Wells Fargo & Company reissued a “positive” rating on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $254.71.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 210,478 shares of the business’s 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 transaction, the chairman owned 6,549,026 shares in the company, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at approximately $5,534,674.92. The trade was a 14.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.91% of the stock is currently owned by corporate insiders.

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.