Emerald Investment Advisers LLC Acquires New Position in DICK’S Sporting Goods, Inc. $DKS

Emerald Investment Advisers LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,658 shares of the sporting goods retailer’s stock, valued at approximately $1,964,000.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in shares of DICK’S Sporting Goods in the first quarter valued at $30,000. Laurel Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $34,000. Elyxium Wealth LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $35,000. SHP Wealth Management purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $38,000. Finally, Torren Management LLC purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $41,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Up 2.2%

Shares of NYSE:DKS opened at $183.23 on Friday. The firm has a 50 day simple moving average of $213.93 and a 200-day simple moving average of $211.35. DICK’S Sporting Goods, Inc. has a twelve month low of $176.07 and a twelve month high of $244.38. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $16.40 billion, a PE ratio of 17.42, a P/E/G ratio of 1.60 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last posted its 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 net margin of 4.71% and a return on equity of 22.22%. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the business earned $3.37 earnings per share. The company’s quarterly 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. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 47.53%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DKS. Barclays lifted their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings lowered DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. BTIG Research restated a “buy” rating and issued a $300.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Jefferies Financial Group lifted their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. Finally, Robert W. Baird set a $264.00 price objective on DICK’S Sporting Goods in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.