Geode Capital Management LLC Grows Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Geode Capital Management LLC lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,226,792 shares of the sporting goods retailer’s stock after buying an additional 16,051 shares during the quarter. Geode Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $242,184,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $30,000. Clearstead Advisors LLC lifted its stake in shares of DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 46 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $34,000. Westside Investment Management Inc. lifted its stake in shares of DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after buying an additional 76 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 210,478 shares of DICK’S Sporting Goods stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total value of $41,609,395.82. Following the sale, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the sale, the executive vice president owned 24,757 shares in the company, valued at approximately $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 28.91% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $214.26 on Wednesday. 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 cap of $19.08 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.89 and a beta of 1.19. The firm’s fifty day moving average is $214.15 and its two-hundred day moving average is $209.76. DICK’S Sporting Goods, Inc. has a 52-week low of $170.73 and a 52-week high of $237.75.

DICK’S Sporting Goods (NYSE:DKS) last announced 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 company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 23.41%. The business’s revenue was up 62.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.37 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, June 12th. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

Analyst Ratings Changes

DKS has been the topic of a number of analyst reports. BTIG Research restated a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Jefferies Financial Group lifted their target price on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Telsey Advisory Group lifted their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $240.00 to $270.00 in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.