Intech Investment Management LLC Reduces Stake in DICK’S Sporting Goods, Inc. $DKS

Intech Investment Management LLC reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 44.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,102 shares of the sporting goods retailer’s stock after selling 27,757 shares during the period. Intech Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $6,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of DKS. Brown Advisory Inc. lifted its position in DICK’S Sporting Goods by 9.6% during the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock valued at $226,000 after purchasing an additional 100 shares in the last quarter. Cerity Partners LLC lifted 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 position in DICK’S Sporting Goods during the second quarter valued at $417,000. Daiwa Securities Group Inc. lifted its position 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 valued at $1,182,000 after purchasing an additional 531 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position 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 valued at $584,000 after purchasing an additional 124 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Edward W. Stack sold 210,478 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the transaction, the chairman directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction dated 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 owned 24,757 shares in the company, valued at $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 owned by insiders.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $227.66 on Friday. The stock’s 50-day simple moving average is $213.66 and its 200-day simple moving average is $209.84. DICK’S Sporting Goods, Inc. has a 52 week low of $170.73 and a 52 week high of $237.75. The company has a market capitalization of $20.27 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 3.24 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 23.41%. 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 firm earned $3.37 earnings per share. DICK’S Sporting Goods’s revenue 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. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

DICK’S Sporting Goods News Roundup

Here are the key news stories impacting DICK’S Sporting Goods this week:

• Positive Sentiment: JPMorgan upgraded DICK’S Sporting Goods to overweight and raised its price target to $270, citing confidence in the company’s strategy and growth outlook. Tickerreport.com
• Positive Sentiment: BTIG reiterated a buy rating and set a $300 price target, signaling continued optimism about DKS’s growth, cash flow and capital return potential. Benzinga
• Positive Sentiment: DA Davidson also reaffirmed a buy rating with a $260 target, adding to the bullish analyst sentiment around the stock. Benzinga
• Positive Sentiment: Company updates pointed to strong comparable sales growth, with core sales up 6% and Foot Locker’s Fast Break remodels reportedly delivering double-digit comps. Zacks
• Positive Sentiment: DICK’S reported its first positive sales at Foot Locker in nearly three years, suggesting the turnaround effort is beginning to work. Yahoo Finance
• Neutral Sentiment: The company announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but likely not the main driver of the stock move. Benzinga
• Negative Sentiment: Management trimmed its profit outlook, indicating margin pressure tied to the Foot Locker overhaul and integration costs. MSN
• Negative Sentiment: One note highlighted that the stock can still face near-term risk because the Foot Locker strategy may pressure margins before benefits fully show up. Yahoo Finance

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DKS shares. BTIG Research reiterated a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $240.00 to $270.00 in a research report on Thursday. Truist Financial lifted their target price on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley lifted their target price on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Barclays lifted their target price on DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.89.

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.