Hamlin Capital Management LLC Reduces Position in DICK’S Sporting Goods, Inc. $DKS

Hamlin Capital Management LLC trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 644,619 shares of the sporting goods retailer’s stock after selling 19,279 shares during the quarter. DICK’S Sporting Goods comprises approximately 3.3% of Hamlin Capital Management LLC’s portfolio, making the stock its 18th biggest position. Hamlin Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $146,206,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at about $30,000. Harbor Investment Advisory LLC purchased a new position in shares of DICK’S Sporting Goods during the first quarter valued at approximately $30,000. Laurel Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $35,000. Finally, SHP Wealth Management bought a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE DKS opened at $199.96 on Thursday. The business’s fifty day moving average is $219.15 and its 200 day moving average is $212.21. DICK’S Sporting Goods, Inc. has a fifty-two week low of $186.67 and a fifty-two week high of $244.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The company has a market capitalization of $17.90 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last issued 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 return on equity of 22.22% and a net margin of 4.71%.The company 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 company earned $3.37 EPS. The business’s quarterly revenue was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Sell-side 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 company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is currently 47.53%.

Analyst Ratings Changes

A number of research firms have commented on DKS. Wells Fargo & Company reaffirmed a “positive” rating on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Truist Financial raised their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Weiss Ratings cut DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.19.

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.