Zurcher Kantonalbank Zurich Cantonalbank Has $8.70 Million Stake in DICK’S Sporting Goods, Inc. $DKS

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 215.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,933 shares of the sporting goods retailer’s stock after acquiring an additional 30,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DICK’S Sporting Goods were worth $8,697,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of DKS. Bank of America Corp DE raised 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 acquiring an additional 3,030,642 shares in the last quarter. Wellington Management Group LLP increased its holdings in DICK’S Sporting Goods by 83.9% during the third 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. Vanguard Group Inc. increased its holdings in DICK’S Sporting Goods by 17.8% during the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after buying an additional 1,015,599 shares during the last quarter. Atreides Management LP acquired a new position in DICK’S Sporting Goods during the second quarter worth $172,715,000. Finally, Hamlin Capital Management LLC acquired a new position in DICK’S Sporting Goods during the third quarter worth $157,537,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DKS shares. 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. Morgan Stanley reduced their price target on DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, March 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, January 5th. BTIG Research began coverage on DICK’S Sporting Goods in a report on Thursday, April 16th. They set a “buy” rating and a $300.00 price target for the company. Finally, Wells Fargo & Company cut their price target on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $241.89.

DICK’S Sporting Goods Stock Down 1.7%

DICK’S Sporting Goods stock opened at $224.30 on Friday. The stock has a market cap of $19.97 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.24 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a twelve month low of $167.03 and a twelve month high of $237.31. The company’s 50-day moving average price is $203.26 and its two-hundred day moving average price is $210.30.

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 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 for the quarter, compared to analysts’ expectations of $6.06 billion. During the same period in the prior year, the firm earned $3.62 EPS. The business’s revenue 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, analysts expect that DICK’S Sporting Goods, Inc. will post 14.29 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is currently 48.92%.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This represents a 14.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the chairman directly owned 6,549,026 shares of the company’s stock, valued at $1,294,676,949.94. This represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 32.55% of the company’s stock.

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.