SCS Capital Management LLC Purchases New Position in DICK’S Sporting Goods, Inc. $DKS

SCS Capital Management LLC purchased a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, HoldingsChannel reports. The firm purchased 62,072 shares of the sporting goods retailer’s stock, valued at approximately $14,078,000.

Several other large investors also recently added to or reduced their stakes in the stock. Brown Advisory Inc. lifted its stake in shares of DICK’S Sporting Goods by 9.6% in the 2nd 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 during the last quarter. Cerity Partners LLC increased its position in shares of DICK’S Sporting Goods by 54.1% during the 2nd 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 during the last quarter. Bank of Nova Scotia bought a new position in shares of DICK’S Sporting Goods during the 2nd quarter valued at approximately $417,000. Daiwa Securities Group Inc. raised its holdings in DICK’S Sporting Goods by 9.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock valued at $1,182,000 after buying an additional 531 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in DICK’S Sporting Goods by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock valued at $584,000 after buying an additional 124 shares during the period. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $202.24 on Monday. DICK’S Sporting Goods, Inc. has a 52-week low of $186.67 and a 52-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 firm has a market capitalization of $18.10 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.76 and a beta of 1.21. The stock has a 50 day moving average price of $216.95 and a 200 day moving average price of $211.97.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.01). The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. DICK’S Sporting Goods’s revenue was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, July 1st. Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 3rd. UBS Group upgraded shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a report on Monday, August 10th. Finally, BTIG Research reaffirmed a “buy” rating and set a $300.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $258.44.

DICK’S Sporting Goods Company 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.