Glaxis Capital Management LLC Makes New Investment in DICK’S Sporting Goods, Inc. $DKS

Glaxis Capital Management LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,650 shares of the sporting goods retailer’s stock, valued at approximately $1,508,000. DICK’S Sporting Goods makes up about 3.0% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in DKS. BlackRock Inc. acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $1,501,321,000. Viking Global Investors LP purchased a new position in DICK’S Sporting Goods during the 4th quarter worth approximately $509,371,000. Norges Bank acquired a new position in DICK’S Sporting Goods during the fourth quarter worth approximately $192,639,000. Atreides Management LP acquired a new position in DICK’S Sporting Goods during the second quarter worth approximately $172,715,000. Finally, Bank of New York Mellon Corp purchased a new stake in DICK’S Sporting Goods in the second quarter valued at approximately $128,943,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 5.9%

Shares of NYSE:DKS opened at $180.03 on Friday. The company has a market cap of $16.11 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.67 and a beta of 1.21. The firm’s 50-day simple moving average is $214.68 and its 200-day simple moving average is $211.55. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a fifty-two week low of $176.07 and a fifty-two week high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results 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 firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The company’s revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, June 12th. This represents a $5.00 annualized dividend and a yield of 2.8%. DICK’S Sporting Goods’s payout ratio is presently 47.53%.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. 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 report on Wednesday, May 27th. Barclays lifted their target price on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. UBS Group upgraded shares of DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a research report on Monday, August 10th. Telsey Advisory Group raised their price objective on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Finally, Robert W. Baird set a $264.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $258.44.

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.