Caldwell Trust Co Decreases Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

Caldwell Trust Co reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 58.7% during the first quarter, Holdings Channel reports. The institutional investor owned 3,413 shares of the sporting goods retailer’s stock after selling 4,854 shares during the quarter. Caldwell Trust Co’s holdings in DICK’S Sporting Goods were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DKS. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $30,000. Clearstead Advisors LLC boosted its stake in DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after acquiring an additional 46 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods in the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC purchased a new position in DICK’S Sporting Goods in the fourth quarter worth $35,000. Finally, SHP Wealth Management purchased a new position in DICK’S Sporting Goods in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DKS shares. Jefferies Financial Group upped their price target on DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $240.00 to $270.00 in a research note on Thursday, May 28th. DA Davidson reaffirmed a “buy” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Robert W. Baird set a $264.00 target price on DICK’S Sporting Goods in a research report on Thursday, May 28th. Finally, Weiss Ratings cut DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average price target of $254.71.

Insider Activity

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

DICK’S Sporting Goods Stock Up 0.3%

NYSE:DKS opened at $239.78 on Monday. The company has a market cap of $21.46 billion, a PE ratio of 22.79, a P/E/G ratio of 2.09 and a beta of 1.20. DICK’S Sporting Goods, Inc. has a twelve month low of $186.67 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’s 50 day moving average is $224.11 and its two-hundred day moving average is $211.41.

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 company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.37 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.23 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared 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 of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s payout ratio is currently 47.53%.

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.